JPMorgan Puts a Number on the Banks’ CoreWeave Problem
The 2031 notes yield close to 16 percent, the shares fell 25 percent last week, and the question circulating on credit desks was the one nobody had answered with a…
SpaceX’s Second Earnings Report and the $13 Billion Question
SpaceX was scheduled to report third-quarter results after the close of trading on Tuesday, and as of Tuesday afternoon in New York the company had published nothing. What the market…
Elice Falls 32% in Seoul, and the AI Trade Meets the Kosdaq
The offer price was 90,500 won. Elice opened lower, kept falling, and closed its first session on the Kosdaq at 61,500 won, down 32 percent, after touching 61,400 earlier in…
Microsoft Treats Its Own AI Agents as Insider Threats
An agent that can read a manager’s inbox, query the billing system and start a payment has the reach of the employee who authorized it. Microsoft said on the evening…
Nvidia Names Four German Startups and Leaves the Amounts Out
The four companies were named on stage in Berlin on October 20 at Nvidia’s GTC conference: Agile Robots, Avelios Medical, Mirelo and Reflex Aerospace. All are German. All are early-stage.…
Amazon Puts €16 Billion Into Germany in a Single Year
The number announced in Berlin on October 20 was more than 16 billion euros, about 18 billion dollars, and the detail that mattered was buried in the qualifier: this is…
Anthropic Weighs a Second Nscale Contract as Its First Campus Loses a Tenant
The talks cover a commitment in the range of 45 billion dollars, according to accounts from Bloomberg and Reuters published within hours of each other on the evening of October…
OpenAI Seeks $30 Billion Before Anthropic Sets a Public Price
The commitment letters are being gathered now, according to people familiar with the matter, and the terms carry a deadline as much as a number: at least 30 billion dollars…
Morgan Stanley Puts a Price on the AI Buildout’s Three Weak Points
The forecast is 1.58 trillion dollars, and it covers one year. Morgan Stanley expects the largest cloud providers and the companies that rent them computing capacity to spend that much…
Seoul Warns That Solidigm’s American IPO May Break Its Rules
The question came from a legislator in a hearing room in Seoul on October 20, and the answer from the head of the Financial Supervisory Service was careful. Lee Chan-jin…
