GPU Clouds in 2026: H100s at $2.59 an Hour, $104B of CoreWeave Backlog on $35B of Debt, and a Six-Year Bet on Silicon
The GPU rental economy from filings and price pages fetched on 5 October 2026: H100 hours that fell from about $8 in 2023 to a $1.70 trough in October 2025 and recovered to $2.59 on the transacted index while list prices rose 25 percent; CoreWeave's $2.58B quarter, $103.7B backlog, $35.1B of debt from 15 percent DDTLs to a 5.9 percent A3 facility, and Microsoft at 67 percent of 2025 revenue; Nebius, Lambda, Crusoe, Oracle's $664B RPO and NVIDIA's $105B of guarantees; who books servers over 5, 5.5 or 6 years and what Burry's $176B means; and an own-versus-rent break-even calculator.
13 minOct 5, 2026Coding Agents in 2026: Cursor at $2B Then Sold to SpaceX, Cognition at $1B, 58% on Terminal-Bench, and the Only RCT Still Says Slower
The coding-agent market as the primary sources report it in October 2026: Cursor from $500M to $1B to $2B in nine months and then acquired by SpaceX, Cognition from $73M to a $1B run-rate at a $48B valuation, Claude Code past $500M, Lovable at $13.3B, nearly 140,000 organisations on Copilot; four re-pricings from requests to tokens; Terminal-Bench 4.0 topping out at 58.2 percent for $3,267 a run; METR's redesigned study at minus 4 to minus 18 percent against 1.4 to 2x self-reports; 45 percent insecure samples, 1.7x more issues per AI pull request, and curl's bug bounty closed.
14 minSep 7, 2026No-Code Didn't Die. It Sold for 2.7x ARR While Its Replacement Raised at 27x
Airtable sold to Bending Spoons for about a quarter of its 2021 valuation on $480M of growing revenue. Lovable raised at $13.3B on $500M. Flowise archived itself and said why. What the 2026 numbers say about visual builders, prompt-to-app tools and agentic automation, and where every generated app still breaks.
13 minSep 6, 2026Seats Are Dying. What the 2026 SaaS Repricing Looks Like From the Compute Layer
A one-day 18% drop in Thomson Reuters, $1.50 per resolution at Zendesk, $15 per human at Microsoft, and a vibe-coding company at $500M run-rate with 200 people. The unit of software changed this year. Here is what it did to infrastructure.
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