Funding AI - Big test for capital markets, $1.65trn of 'hidden debts' with Hyperscalers + China / CHF softer / Diesel prices

sc0172
2 hours ago
3 min read

AI : It's becoming clearer and clearer that China's AI open source strategy may end up being seen as one of the greatest strategic masterstrokes of all time / Thread, Top American AI execs sound alarm on Chinese models, and hyperscalers have up to $2trn sitting 'off balancesheets'.. of course...they do it, because they can...!!.. till it comes back to byte them..
Iran updates : Crude Oil only has 43 days of supply left in the U.S., the lowest inventory in 45 years, US forces struck more Iranian targets as the conflict looked set to expand further after Tehran-backed Houthi militants in Yemen threatened to blockade Saudi Arabia in the Red Sea. The UK Navy said a tanker was struck in the Strait of Hormuz. Trump vowed Tehran “will pay” for killing three US soldiers
Markets : The number of large US companies filing for bankruptcy has soared to 372 in the first 6 months of the year, the highest level since 2010 (Thread), KOPSI some 30% off highs (June peak madness-up overnight..), Diesel prices are surging (up 65% since war began..!!), The cost of financing US debt is rapidly rising (Thread-chart), Hedge Funds have now built the largest New Zealand Dollar short position in history (chart available), Funding AI : a biog test for capital markets (MS podcast episode) >>> Asian stocks snapped a three-day losing streak, with Japan's Nikkei up nearly 3% and South Korea's KOSPI gaining 4.5%, as investors braced for results from Alphabet, Tesla and Intel that will test a strained AI trade, FX quiet, glad to report USDCHF, EURCHF, GBPCHF grinding higher...
Greek shipowners accounted for 55% of all Western tanker sales to Russia’s shadow fleet, How Greece continually undermines Russia sanctions