Business in Perspective.

Y Combinator’s latest startups suggest that the next phase of the AI boom is moving beyond chatbots and copilots toward autonomous agents, AI infrastructure, security and systems designed to make AI capable of operating in the real world.

As artificial intelligence becomes cheaper to deploy, demand for computing power continues to rise, putting data centers, electricity infrastructure and capital at the center of the next phase of the AI economy.

After takeover talks with Nubank collapsed, Britain’s Monzo is turning to private equity investors. The shift highlights the growing tension between the ambitions of digital banks and the valuations investors are willing to pay.

AMD’s acquisition of San Francisco AI startup World Labs is taking the chip race into a new territory, combining compute, spatial intelligence and physical AI as the industry moves beyond models that only understand language.