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...
Ed Zitron
this fucking image is so stupid but it kills me
We've been offering a 20% discount for three months to celebrate our switch but it does expire tonight
vic! ᓚᘏᕐᐷ
I pay for two sports publications: the athletic and Wide Left. It’s very good. You should subscribe immediately
Arif Hasan, but NFL🔨⚒️🛠️
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, we’re 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-...
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-...
SoftBank's attempts to get a margin loan on its OpenAI stock have fallen apart
archive.ph/pV6yL#select...
Ed Zitron
Ed Zitron
Ed Zitron
Ed Zitron
Ed Zitron
Ed Zitron
Ed Zitron
Video
Wide Left is Leaving Substack for Beehiiv!
wideleft.football/p/we-re-leav...
We've been offering a 20% discount for three months to celebrate our switch but it does expire tonight
My name is Yoshikage Kira. I'm 33 years old. My house is in the northeast section of Morioh, where all the villas are, and I am not married. I work as an employee for the Kame Yu department stores, and I get home every day by 8 PM at the latest. I don't smoke, but I occasionally drink. I'm in bed by
shaking the habitual 🏳️🌈
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.
