Good Morning, Builders.

Enterprise software stocks have now lost 40% of their value in 2026, OpenAI shelved a UK data center it couldn't afford to power, and the biggest bank-fintech deal ever officially closed. 

And in OOO, a $724 million museum that floats over a six-lane boulevard finally opens its doors. Let's get to work.


📊 MARKETS · April 10, 2026
S&P 500 6,824.66 ▲ +0.62%
Nasdaq 22,822.42 ▲ +0.83%
Gold $4,823.00 ▲ +1.0%
Silver $74.64 ▼ -3.03%
Crude Oil $97.87 ▲ +3.1%
10-Yr Treasury 4.29% — unch.
Gas (nat'l avg) $4.15/gal
30-Yr Mortgage 6.37%

I. Here’s What’s Inside

  • The Headlines:
    OpenAI paused its UK supercomputer, Anthropic launched hosted AI agents, SaaS stocks hit a 2026 low, Capital One absorbed Brex, and VW scrapped its electric SUV for a gas guzzler.

  • OOO — LACMA's David Geffen Galleries:
    A 274-meter concrete museum that bridges Wilshire Boulevard opens April 19, housing 150,000+ works across 6,000 years.


II: The Headlines

1. OpenAI's UK Supercomputer Hit an Electric Bill It Couldn't Pay

OpenAI paused its Stargate UK data center project, citing industrial electricity prices four times higher than in the US and unresolved AI copyright regulations. The plan to deploy up to 8,000 GPUs, with room to scale to 31,000, is on hold indefinitely. For any company choosing where to build AI infrastructure, the message is loud: the US energy advantage is widening. (CNBC)

2. Anthropic Will Run Your AI Agents for 8 Cents an Hour

Anthropic launched Claude Managed Agents in public beta: a cloud service that handles container management, state persistence, tool orchestration, and error recovery for autonomous AI agents. Pricing is $0.08 per session hour on top of standard API costs. Notion, Rakuten, and Asana are already building on it, and early testing shows multi-agent spawning improved task success by 10 percentage points. (SiliconANGLE)

3. Enterprise Software Lost 40% of Its Value This Year

The SaaS index dropped another 5.5% this week, bringing its 2026 decline to nearly 40%. Palantir fell 7% on Thursday alone. The market thesis: if AI agents can replace the workflows that enterprise software monetizes, the entire sector needs to reprice. Adobe, Salesforce, and ServiceNow are all down 25-30% year to date. J.P. Morgan calls the panic "broken logic." The market disagrees. (Yahoo Finance)

4. The Biggest Bank-Fintech Deal in History Closed This Week

Capital One completed its $5.15 billion acquisition of Brex, creating a full-stack financial platform: the bank, the payment network (Discover), and the spend management software. Brex sold at less than half its $12.3B peak valuation, but early backers still made money. If you're a founder on Brex, expect deeper Capital One banking integrations soon. (American Banker)

5. VW Replaced Its Electric SUV With an 18 MPG Gas Guzzler

Volkswagen is killing the all-electric ID.4 at its Chattanooga plant this month and ramping production of the gas-powered Atlas SUV instead. VW sold 22,000 ID.4s last year versus 71,000 Atlases, and weak EV demand after tax credit changes sealed the decision. A future electric version is "planned" with no timeline.(CNBC)

III. Out Of Office (OOO)

The $724 Million Museum That Floats Over a Six-Lane Boulevard

For more than six years, one of the most ambitious construction projects in Los Angeles has straddled Wilshire Boulevard. A concrete structure, 274 meters long and elevated 30 feet on piers, has slowly taken shape directly above six lanes of traffic. On April 19, you can finally walk inside it.

What's Opening

The David Geffen Galleries at LACMA represent the largest museum project in the history of Los Angeles. Designed by Pritzker Prize-winning Swiss architect Peter Zumthor, the building replaces LACMA's aging mid-century campus with a single, continuous structure that literally bridges one of the city's busiest roads. Inside: 220,000 square feet of gallery space, a major expansion from the previous 130,000, housing LACMA's permanent collection of 150,000+ works spanning 6,000 years.

"LACMA Urban Light" — the iconic Chris Burden lamp post installation is LACMA's most recognizable visual. 

Why the Building Matters

Zumthor first started sketching the design in 2009. The project went through a major redesign in 2014 to avoid damaging the neighboring La Brea Tar Pits, one of the world's most significant Ice Age fossil sites. The result is a fluid, floating concrete form supported by elevated piers, connected by a network of open-air staircases and glass-walled corridors that frame views of the Hollywood Hills, the Tar Pits, and the city below. The total cost: $724 million, funded by a combination of David Geffen's $150 million gift, $125 million from Los Angeles County, and years of fundraising.

"La Brea Tar Pits" — the neighboring landmark that forced the building's redesign

What to See Inside

Skip the map and wander. The galleries aren't organized by era or medium. Instead, LACMA built the entire inaugural installation around the Pacific, Indian, and Atlantic Oceans and the Mediterranean Sea, tracing how art moved along trade routes, migration paths, and coastlines across 6,000 years. It's unlike any major museum layout in the country.

The highlights are stacked. Francis Bacon's Three Studies of Lucian Freud (1969) and Van Gogh's Tarascon Stagecoach (1888) are both on display. Henri Matisse's La Gerbe (1953) is here. So is Diego Rivera's Flower Day. Outside, Jeff Koons' Split-Rocker greets you with a massive topiary covered in native blooms, and Alexander Calder's Three Quintains returns to the campus it was originally commissioned for back in 1965. An 8,000-square-foot Rodin sculpture garden lines the north side of Wilshire. Between 2,500 and 3,000 objects are on display at any given time, and floor-to-ceiling glass panels blur the line between gallery and city skyline.

How to Plan Your Visit

Members get first access from April 19 through May 3, with a ribbon-cutting ceremony on opening day. General public access starts May 4. If you're in LA on April 22, architect Peter Zumthor will give a public talk about the building at the East West Bank Commons on the LACMA campus. On May 3, NexGenLA offers free access for LA County residents 17 and under. Tickets and membership info at lacma.org.

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