AI is concentrating stocks, bonds, private credit — and even the broader economy — around a single bet. Why it matters: Tech companies are projected to issue over $1 trillion in debt to fund their AI goals this year. Yet there's little evidence the technology can be monetized at a scale that justifies the bet . State of play: Hyperscalers — the AI data-center giants — could spend up to $700 billion from their balance sheets on AI this year, while issuing eye-popping debt to access even more capital, according to UBS. - The eight largest companies, all tech firms with AI ambitions, make up nearly half of the S&P 500. - More than half of invested venture-capital dollars went to AI firms in 2025, per PitchBook. - Private credit…
AI is concentrating stocks, bonds, private credit — and even the broader economy — around a single bet. Why it matters: Tech companies are projected to issue over $1 trillion in debt to fund their AI goals this year. Yet there's little evidence the technology can be monetized at a scale that justifies the bet . State of play: Hyperscalers — the AI data-center giants — could spend up to $700 billion from their balance sheets on AI this year, while issuing eye-popping debt to access even more capital, according to UBS. - The eight largest companies, all tech firms with AI ambitions, make up nearly half of the S&P 500. - More than half of invested venture-capital dollars went to AI firms in 2025, per PitchBook. - Private credit…Open
President Trump had just won reelection and was basking in the parade of congratulatory pilgrimages to Mar-a-Lago. On this day in November 2024, an old friend and a first-time visitor were meeting privately with Trump. They wanted something, and they brought something. - Charlie Kirk — a beloved Trump confidant who had just led a smashingly successful turnout drive among young voters — was shepherding TikTok CEO Shou Zi Chew. A law banning the Chinese-owned TikTok in the U.S. was scheduled to kick in the same week Trump was inaugurated. They wanted him to stall the ban and eventually kill it. Knowing Trump responds best to visual stimuli, Kirk had coached the company to spin up four pages of infographics, "Trump on TikTok," showing…
President Trump had just won reelection and was basking in the parade of congratulatory pilgrimages to Mar-a-Lago. On this day in November 2024, an old friend and a first-time visitor were meeting privately with Trump. They wanted something, and they brought something. - Charlie Kirk — a beloved Trump confidant who had just led a smashingly successful turnout drive among young voters — was shepherding TikTok CEO Shou Zi Chew. A law banning the Chinese-owned TikTok in the U.S. was scheduled to kick in the same week Trump was inaugurated. They wanted him to stall the ban and eventually kill it. Knowing Trump responds best to visual stimuli, Kirk had coached the company to spin up four pages of infographics, "Trump on TikTok," showing…Open
As prediction markets boom, competition is heating up. So traders go the extra mile for a fraction-of-a-second advantage or to sleuth out information nobody else has. It can lead to a huge payday.
As prediction markets boom, competition is heating up. So traders go the extra mile for a fraction-of-a-second advantage or to sleuth out information nobody else has. It can lead to a huge payday.Open
Wandering, and "elopement," are frightening and dangerous behaviors by people with dementia. For some families, it is the point when they begin to seek institutional care for their loved one.
Wandering, and "elopement," are frightening and dangerous behaviors by people with dementia. For some families, it is the point when they begin to seek institutional care for their loved one.Open
Minnesota Republicans say they were right to invite social media influencers into the state to highlight social service fraud, though Democrats blame Republicans for paving the way for the ICE surge.
Minnesota Republicans say they were right to invite social media influencers into the state to highlight social service fraud, though Democrats blame Republicans for paving the way for the ICE surge.Open
President Trump's immigration policy is complicating Republicans' attempts to maintain control of Congress. A recent crackdown in Maine, for instance, put the focus on GOP Sen. Susan Collins.
President Trump's immigration policy is complicating Republicans' attempts to maintain control of Congress. A recent crackdown in Maine, for instance, put the focus on GOP Sen. Susan Collins.Open
A number of prominent figures have stepped down or are facing investigations after their communications with Jeffrey Epstein and his former longtime companion, Ghislaine Maxwell, were released last month.