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A potential US government equity stake in OpenAI would be the most consequential structural intervention in the AI industry since the internet era, not because it funds OpenAI, but because it fuses state interest with a private frontier lab in ways that distort every…
Preview briefA potential US government equity stake in OpenAI would be the most consequential structural intervention in the AI industry since the internet era, not because it funds OpenAI, but because it fuses state interest with a private frontier lab in ways that distort every…
Preview briefAlphabet's pursuit of external capital for a $190bn capex programme and Amazon engineers' revolt over $200bn data-centre spending reveal that AI infrastructure commitments have structurally outrun normal capital-allocation discipline.
Preview briefAlphabet's pursuit of external capital for a $190bn capex programme and Amazon engineers' revolt over $200bn data-centre spending reveal that AI infrastructure commitments have structurally outrun normal capital-allocation discipline.
Preview briefJPMorgan's decision to shed $4B in private equity-linked loan exposure is a leading, not lagging, indicator of deteriorating collateral quality in NAV lending and fund finance, the least transparent and most leveraged corner of the private credit boom.
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