Updated look at the increasingly "circular AI financing" complex, mapped out by Bloomberg. All roads lead to Nvidia
Source: Hedgeye, Bloomberg
Narrative violation. WSJ yesterday.
Source: David Sacks
Fed will deliver surprise rate hike this week, says Citadel
Source: Barchart
Michael Burry is warning that private equity may have found a way to shift losses onto the public.
Apollo, KKR and Blackstone have acquired life insurers and loaded them with $849 billion of hard-to-value private credit, more than double the 2014 level. If an insurer fails, state guaranty systems protect policyholders. The cost is initially borne by other insurers, but they can offset those payments against state taxes, ultimately reducing public tax revenue. The risk is no longer theoretical. Bankruptcies such as First Brands and Tricolor exposed valuation problems in private credit. Burry argues AI could be the next test, as data centre financing increasingly relies on similar opaque debt structures. If those investments disappoint, the losses may extend well beyond Big Tech and into the insurance system that ultimately protects millions of policyholders. Source: Bull Theory
A little over one year ago, Coatue released a 100-page keynote presentation on the evolving technology landscape across public & private companies.
They predicted these 40 companies will be the largest by market cap in 2030. Note the absence of Alphabet $GOOG $GOOGL Source: Koyfin @KoyfinCharts
Global electricity consumption by data centers
Source: zerohedge
Trump's own teleprompter operator got caught betting on his speeches before he gave them, per ABC news.
Gabriel Perez, who has run Trump's teleprompter since 2016, made over $100,000 betting on Kalshi's "Mentions" market, where users bet on specific words or phrases said during a speech. CFTC investigators found he placed bets on more than a dozen speeches over three months, including the State of the Union, a Davos address, and a Medal of Honor ceremony. Kalshi flagged the activity itself and referred it to regulators. Perez is now in settlement talks with the CFTC, and he still holds his job today. Source: Bull Theory
President Trump says New York is making a "terrible decision" by blocking data centers.
Trump says AI data centers are "money machines" that create jobs and generate massive tax revenue. He claims companies are now moving to states like Texas, Florida, Arizona, and Alabama instead. Trump also warned the US cannot afford to lose AI infrastructure and data centers to China and other countries. Source: Bull Theory Afficher la traduction
