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Ed Zitron
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Very important point: SoftBank was pledging *all* of its OpenAI stock (worth $60bn+ on paper) to get a $6 billion margin loan. Banks turned it down due to concerns about the value of OpenAI stock. Banks clearly do not think OpenAI is worth $852 billion.
www.tradingkey.com/analysis/sto...
The Information reporting that OpenAI is planning to sign a 20-year-long lease on a totally unbuilt and theoretical 10GW data center that NVIDIA would partially finance. Utterly farcical, weโre at the end of the line folks
www.theinformation.com/articles/ope...
A sixth of all insurance annuities are sitting in private credit loans, and the vast majority of private credit funds are funded by state and worker pensions.
www.wheresyoured.at/hatersguide-...
this fucking image is so stupid but it kills me
Had a great time talking to @chrislhayes.bsky.social for his AI End Game series on MSNow, covering the AI bubble, the SaaSpocalypse, the end of tech's era of hypergrowth, and the underlying economic fragility of data centers and the greater AI industry.
www.youtube.com/watch?v=-Mn-...
We've been offering a 20% discount for three months to celebrate our switch but it does expire tonight
SoftBank's attempts to get a margin loan on its OpenAI stock have fallen apart
archive.ph/pV6yL#select...
I pay for two sports publications: the athletic and Wide Left. Itโs very good. You should subscribe immediately
SoftBank's attempts to get a margin loan on its OpenAI stock have fallen apart
archive.ph/pV6yL#select...
Great interview, Ed and Chris. So, when you say "funded by insurance and pension funds", how deeply funded do you mean and for how long? Can you expand on that? I saw you mention it toward the end of the Chris Hayes interview, and man, do people (like me) need to know more about that, specifically.
