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There's also the fear that what you buy won't last you long, as Nvidia has pledged to release a new chip every year. (.)

The aggressive product roadmap might be a win for Nvidia investors, but it poses problems for everyone else. The constant release of new, better chips could seriously strain budgets.

It complicates how firms account for their investments. A faster depreciation means customers won't be able to spread out the cost of the chips across several years.

Some analysts are already taking notice. Barclays for some of the biggest buyers of AI chips, like Meta, Amazon, and Alphabet.

News brief

Top headlines

3 things in markets

1. Trump taps billionaire Howard Lutnick for commerce secretary. If confirmed, Lutnick, the CEO of Cantor Fitzgerald, will be in a : the economy. about the New York financier.

2. Tiger Management is beefing with one of the hedge funds it initially backed. The late billionaire founder Julian Robertson seeded Hound Partners in exchange for a portion of the fund's performance fees. . Hound's lawsuit says Tiger hasn't provided marketing assistance in recent years, which was part of the agreement. Tiger's suit claims Hound is using Robertson's death to get out of its agreement.

3. A Goldman exec talks through the spike in corporate borrowing that signals the return of M&A. Companies raised over $50 billion in debt capital since Trump's presidential victory last week. Vivek Bantwal, Goldman Sachs' global head of financing, talked to BI about what's fueling the surge and .

3 things in tech

1. Product managers: purposeless, or just misunderstood? Product managers began to populate Silicon Valley in the mid-2000s, and they've often drawn the ire of their coworkers. As the tech industry faces contraction, the usefulness of their roles is under scrutiny — .

2. Alexa needs an AI knight in shining armor. Amazon is trying to save its voice assistant with new generative-AI powers, but its rollout has been stumped by a slew of problems. Hiccups with partners like Uber and Ticketmaster, compatibility problems, and accuracy issues have .

3. Google's antitrust loss could cost Apple billions. Every year, Google pays Apple $20 billion to make Google the default browser on iPhones. That deal was the crux of a DOJ antitrust case Google lost earlier this year. The government is expected to ask a judge to ban those payments, .

3 things in business

1. Trump's cabinet could be the wealthiest in history. They could get richer in office. Some of Trump's picks had long careers in the private sector where they earned billions of dollars. When they transition to the public sector, they can delay capital gains taxes on the assets they're required to sell .

2. Out with the old, in with the new. X just in hopes of boosting ad revenue, which has been down since Elon Musk's 2022 takeover. The platform also added a new defendant — the Amazon-owned streamer Twitch — , which it accuses of colluding to withhold ad spend.

3. Career advice for government workers trying to dodge the DOGE. As the threat of government cuts loom, some career coaches told BI they're already hearing from federal workers looking to beef up their résumés and explore the private sector.

What's happening today

• Target reports earnings.

• Former FTX CTO Gary Wang, who testified against Sam Bankman-Fried, is sentenced after pleading guilty to conspiracy charges.

• Secretary of Commerce Gina Raimondo and Secretary of State Antony Blinken host the inaugural International Network of AI Safety Institutes in San Francisco.

• Archegos Capital Management founder Bill Hwang is sentenced after being convicted of securities fraud by federal jury.

The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Grace Lett, editor, in Chicago. Ella Hopkins, associate editor, in London. Hallam Bullock, senior editor, in London. Amanda Yen, fellow, in New York. Milan Sehmbi, fellow, in London.

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