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ECB’s Lagarde says AI could trigger financial crises and calls for Cold War-style non-proliferation governance

ECB President Christine Lagarde warned on Wednesday that artificial intelligence could trigger dangerous financial crises and called for global AI governance modelled on the Cold War-era non-proliferation agreements that kept the world safe from nuclear weapons. She spoke in Venice, the sharpest framing yet from a central bank chief on the systemic risks AI poses […]

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Apple investors are running out of patience with its AI promises

Apple investors are losing patience with the company’s AI strategy. The stock is coming off its worst week since February after the annual Worldwide Developers Conference failed to convince Wall Street that a long-promised upgrade cycle is any closer to arriving. “There’s a bit of fatigue with Apple and AI,” Tim Chubb, chief investment officer at Girard, […]

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Gary Marcus warns OpenAI’s IPO could drag Nvidia, Oracle, and CoreWeave down with it

Gary Marcus has spent years warning that the AI industry is building on shaky foundations. Now he sees a specific chain of dominoes: if OpenAI’s IPO underperforms, the fallout will not stop at one company. “Their values rely to a significant degree on the expectation that OpenAI will have an immense demand for chips and […]

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Zhipu shares jump as Wall Street bets China AI fills the Anthropic gap

Zhipu shares are flying. The Chinese AI lab, listed in Hong Kong as Knowledge Atlas Technology, surged as much as 48 per cent on Monday before closing up about 33 per cent, as Wall Street banks bet that China is the clear winner from Washington’s clampdown on Anthropic. The trigger was timing. Days after the […]

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Nvidia’s first bond sale since 2021 seeks at least $20bn

The Nvidia bond sale is on. The chipmaker is seeking to raise at least $20bn in its first corporate bond offering since 2021, Bloomberg reported, citing people with direct knowledge. It is selling the debt in seven tranches, with maturities running from two to 30 years. A regulatory filing confirms the shape of the deal. […]

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CoreWeave joins the Nasdaq-100 just 15 months after its IPO, capping a wild ride from crypto mining to AI darling

CoreWeave, the AI cloud infrastructure company that began life as a New Jersey cryptocurrency mining operation called Atlantic Crypto, has been selected for inclusion in the Nasdaq-100 Index. The addition takes effect before market open on 22 June, just 15 months after CoreWeave priced its IPO at $40 per share in March 2025. CoreWeave will join […]

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CoreWeave joins the Nasdaq-100 just 15 months after its IPO, capping a wild ride from crypto mining to AI darling Read More »

SpaceX IPO makes Elon Musk the world’s first trillionaire, but your retirement fund is picking up the tab

Elon Musk is now worth more than $1 trillion. The SpaceX IPO, which priced 555.6 million shares at $135 each on 12 June, valued the company at roughly $1.77 trillion and pushed Musk past a threshold no individual has ever crossed. His SpaceX stake alone is worth an estimated $866.5 billion, according to the updated IPO prospectus. […]

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SpaceX raised $75 billion in the largest IPO in history. Japanese retail investors got $2.2 billion of it.

SpaceX begins trading on Nasdaq today under the ticker SPCX after raising $75 billion in the largest initial public offering ever completed. The previous record holder, Saudi Aramco’s 2019 listing, raised $29.4 billion, making SpaceX’s offering roughly 2.5 times larger. A regulatory filing on Friday confirmed that Japanese investors accounted for $2.2 billion of the […]

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SpaceX raised $75 billion in the largest IPO in history. Japanese retail investors got $2.2 billion of it. Read More »

CoreWeave’s borrowing costs just fell from 10% to 7%. The AI data centre debt market is repricing risk in real time.

An Applied Digital subsidiary raised $1.59 billion in the high-yield bond market on Tuesday to fund a fourth building at its Polaris Forge 1 campus in North Dakota, which will provide 150 megawatts of computing capacity for CoreWeave under a 15-year contract. The bonds were priced to yield 7%, a steep drop from the 10% investors demanded […]

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CoreWeave’s borrowing costs just fell from 10% to 7%. The AI data centre debt market is repricing risk in real time. Read More »

Oracle spent $55.7 billion on data centres in a single year, beat its own guidance by $5.7 billion, and wants to raise another $40 billion

Oracle reported fiscal fourth-quarter revenue of $19.2 billion, up 21% year on year, and adjusted earnings of $2.11 per share, beating analyst estimates of $19.1 billion and $1.97 respectively. The numbers were overshadowed by capital expenditure that came in well above the company’s own projections. The company spent approximately $55.7 billion on capital expenditure in […]

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Oracle spent $55.7 billion on data centres in a single year, beat its own guidance by $5.7 billion, and wants to raise another $40 billion Read More »

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