US equity futures fall as a selloff in AI-related stocks gathers speed, pushing investors toward bonds. Investors await PPI, retail sales and jobless claims data as well as Fed Chair Warsh’s remarks in Bangkok. Sources say Anthropic told prospective investors its third-quarter revenue hit $16.8 billion as it plans to go public soon. Kelsey Berro of JPMorgan Asset Management looks ahead to economic data and Chair Warsh’s comments.
Chapters:
00:00:00 – Bloomberg Brief begins
00:01:05 – Global Markets and Chip Selloff
00:03:30 – Oil, AI and Premarket Movers
00:05:29 – TSMC and AI Outlook
00:08:20 – Ukraine Russia Tensions
00:11:54 – UK Economy, Apple and Smartphones
00:13:32 – Europe and Ukraine
00:17:25 – Front Page News
00:18:15 – Mario Draghi on US Debt and AI
00:21:34 – Markets and Premarket Movers
00:25:08 – Kelsey Berro, JPM Asset Management
00:30:35 – AI Credit and Debt Risks
00:34:43 – CoreWeave, Anthropic and TSMC
00:38:58 – US Affordability and Midterms
00:42:31 – Markets and Warsh Ahead
——–
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16.8 billion Anthropic revenue means $33 billion loss.
Did Mario Draghi say AI is increasing productivity so the U.S. should be able to pay down its debt???? Productivity is up because companies have fired 15% of their staff and made the last, terrified workers do all the work.
Well actually but you can open the shopping centre and supper market to be a good so you can open the hotel and restaurant inoder to drink a coffee and vegetables and chicken and eggs and some things else which I can't conclude in this short time that is good so you can open the stores inoder to pay the suger and floor and oils for it to you and your future that is good so you should buy the clothes to be a good so you can buy the iPhone for it to you and your future that is good so you can buy the lordcars for you to be a good so you can buy the car in your future that is good so you can buy the electric viecle for you to be a good so you can buy the beyond that you have a good so you can pay the storms in your life with you and your future that is good so you can pay the telecommunications costs for you to be a good so you can buy the jewellery in your future that is good so tracking to be a good so you can buy the sports stuff for you to be a good so you can buy the stake on it for you to be a good so you can buy the fishing in your future that is good so you can buy the house for you and your future that is good so you can buy the tourism stuff for you to be a good so you can buy the tickets for you to be a good so the honey is very good so you should have a good
The filthy rich get filthy richer from the poverty pit they have the poor man constantly digging deeper and deeper to provide the precious ore of wealth for them.
Enjoy your life kids….
even if you don't realize you're not in control of it.
Oh…
and you filthy well'tuh'do enjoy your earthly riches.
Anthropic revenue grow rate slowed. It'll take a while but eventually everyone will switch over to open source AI. The US Govt will be the last to switch but it will happen.
The AI hardware rout and skyrocketing revenue milestones like Anthropic's show the insane capital intensity of this cycle. When tech infrastructure spending operates at this scale, it completely reshapes global liquidity pools and forces sovereign borrowers to compete against hyper-scalers for the exact same capital.
Strange day: AI stocks selling off while Anthropic reports 16.8B in revenue. The market seems less worried about whether AI makes money and more about who ends up keeping it.
38:10 there will be a glut of chips after a bunch of neo-clouds failure, even as some of those are paid for (some are promised to be paid for) when the data centers aren't getting built and the expected supply becomes oversupply then that glut will drag the chip price down to a free fall, people haven't seen what "down" look like yet, they can't even imagine how bad it'll get
🎶🎶🎼🎵It’s the end of the world as we know it.