Nvidia’s Risky Business – Stratechery by Ben Thompson

kept by eddie aug 12

Nvidia is partnering with major financial firms to create $500 billion in financing platforms for AI infrastructure, transforming compute into an investable asset class and expanding systemic risk in the AI buildout.

Anthropic Unveils $1.5 Billion Joint Venture With Wall Street Firms - WSJ
Anthropic, Blackstone, Hellman & Friedman, and Goldman Sachs launch a $1.5 billion joint venture to sell AI tools to businesses, including private-equity portfolio companies.
also on Blackstone, Goldman Sachs, Anthropic
Steiger Bean — AI Strategy for Executive Leaders
Steiger Bean is a CEO advisory firm co-founded by Celeste Bean and Jenni Steiger to help executives lead AI strategy and implementation.
also on BlackRock
The Other Leverage in Software & AI
AI disruption threatens to compress software revenue, putting at risk the $475 billion in BDC loans and highly-leveraged data-center debt built on that revenue's durability.
also on KKR
The hottest stock market in the world has doubled this year. And Goldman Sachs sees another 40% gain from here. - MarketWatch
Goldman Sachs raised South Korea's Kospi index target to 12,000, forecasting another 40% gain driven by the semiconductor cycle that it says markets still underestimate.
also on Goldman Sachs, #semiconductors
The Google Capital Company – Stratechery by Ben Thompson
Google raises $80B in equity, including $10B from Berkshire Hathaway, to fund AI capex, signaling demand vastly exceeds expectations and capital is becoming a commodity.
also on Berkshire Hathaway, #ai-infrastructure, #cloud-computing, Anthropic