finance
An AGI-thesis fund fell 67 percent and took a market maker with it News
Situational Awareness, the investment firm founded by Leopold Aschenbrenner around an artificial general intelligence thesis, dropped 67 percent in July and sold most of its stock portfolio to meet margin calls, with the Financial Times reporting a roughly 15 billion dollar hit at Jane Street connected to the episode.
The '70% of Cloud AI Revenue Comes From OpenAI and Anthropic' Figure Is Not Derivable News
A widely shared claim that most of Amazon, Microsoft and Google's AI revenue circles back from OpenAI and Anthropic rests on anonymous-source estimates, mismatched fiscal quarters and, for Google, an admission that the number cannot be calculated at all.
AI financial advice works when you hand it a full financial plan News
Researchers simulated the lifetime finances of 1,000 demographically representative US adults following chatbot advice and found the results move toward a life-cycle benchmark - but only when prompts supply complete data, fixed assumptions and hard arithmetic constraints.
The '$1.65tn hidden AI debt' story, checked against the actual filings News
A Nikkei Asia estimate that five US tech giants carry $1.65 trillion in off-balance-sheet AI-related obligations is real as an estimate and grounded in verifiable filings of forward leases and purchase commitments, but it is not a hidden or auditable debt total, and much of the buildout's risk has been shifted to private-credit investors through project-finance vehicles.
Analysts warn Nvidia's AI boom is being propped up by a circular financing loop with the 'neoclouds' News
An IO Fund analysis details how Nvidia invests billions into GPU-rental 'neoclouds' like CoreWeave that then use that capital to buy Nvidia chips -- a self-reinforcing loop that includes a $6.3 billion Nvidia backstop obligating it to buy CoreWeave's unsold GPU capacity through 2032.
Nvidia is now backstopping the sales of its own chips News
Nvidia formalized a financing program that guarantees a revenue floor for cloud firms buying its GPUs in exchange for a cut of their sales - a move analysts say could help drive AI debt past $7 trillion by 2029.
The world's central-bank watchdog warns an AI bust could spill into the wider economy News
The BIS cautions that if the AI funding boom unwinds, the damage may not stay contained to tech -- it could ripple into growth and credit.