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The negative AI case grows stronger / META new funding, MSFT -60K workers, Anthropic IPO filing, shocking
Markets : Negative AI case growing stronger now, Anthropic earnings (VERY shady..), MSFT cutting etc, META fund raising, amazing stuff, China bubble bursting too, France needs to calm down (easely said), UK budget day!, meanwhile Gas prices, diesel, crude are being very uncooperative to the consumers...particularly in europe.. , risk should continue to struggle, USD remains firm(er), squeezing speculators, PM's struggling with USD strength too, although UST yields could well have topped out...
META sought to raise up to $97.5bn through common and preferred stock sales, Broadcom arranged a $63bn deal to finance chip purchases and SpaceX signed a roughly $40bn equipment-finance lease, easing recent concerns over funding for the AI build-out..., and MSFT firing a quarter of their staff.....amazing- Microsoft to Offer Buyouts to 60,000 Workers in New Cost Cut, didn't we hear that AI was NOT going to cost jobs ?...While global tech stocks teeter, in China they have already crashed as lofty valuations collapse under worries about AI demand and curbs on Chinese exports
Voters are weighing Benjamin Netanyahu's leadership after the 2023 Hamas-led attacks, wars in Gaza and with Iran, and Israel's deepening international isolation
If even them can't make Ai work, or pay for it, it's all about monetizing, eventually, over the medium to long-term...and it ain't going to work for all of them that's for sure
Gary Marcus on X: "all you need to know: Anthropic ducked Q3 in its S-1. that omission tells you all you need. demand has drop, economics haven’t gotten worse. and a company that is allegedly built around trust is trying to skirt the truth. —- quote is from @zerohedge https://t.co/BYChNctOrg" / X
Nic on X: "Just 2 years ago, Bessent mocked Yellen because she was using short-term bills to finance the government. Well, he's only accelerated that practice & a new IMF paper shows how dangerous that can be. America has relied heavily on short-term borrowing before, particularly in the https://t.co/m22K0dPDJ4" / X
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