#ai-deals
#ai-deals
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#nvidia #ai-bubble #investment-strategy #diversification #1975-new-york-city-fiscal-crisis #municipal-finance
fromview.nl.npr.org
2 months agoIn 1975, New York City ran out of money. For a decade it had managed to pay for its hundreds of thousands of city employees and robust social services by taking on billions of dollars in debt. But eventually investors were no longer willing to lend the city any more money. New York teetered on the edge of bankruptcy the city shuttered more than a dozen firehouses, teachers went on strike and garbage piled up in the streets.
fromFuturism
2 months agoExperts Say This Is a Blinking Warning Sign of AI Bubble
But there's something very worrying about many of these deals: they're often "circular," as a slew of recent coverage has noted, meaning that AI companies are pouring money into one another, creating an illusion of a robust ecosystem that skeptics worry could quickly come crashing down. And many of the deals tie back to Nvidia, the chipmaker whose hardware is underpinning our age of AI, for which it has become the world's most valuable company.
Venture
fromFast Company
3 months agoElon Musk gets (briefly) unseated as world's richest person
In a stunning few minutes after markets opened, stock in Ellison's Oracle Corp. rocketed more than a third, enough for him to temporarily wrest the title from its longtime holder Elon Musk and hand it to the software giant's co-founder.But the stock market is fickle, and Musk was back on top by the end of the day, at least according to Bloomberg, as Oracle gave up a bit of its earlier gains.
Business
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