Wall St. Wants Another Half-Trillion Dollars for the A.I. Boom

kept by eddie aug 14

Six major investment firms are seeking $500 billion in funding to finance AI computing infrastructure for Nvidia customers amid the ongoing artificial intelligence boom.

Job Cuts Driven by A.I. Are Rising on Wall Street
Wall Street banks are accelerating job cuts as AI automates trading, analysis, and back-office tasks, with executives framing the shift as opening new frontiers.
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AI Bots Auditioning for Wall Street Trading Are Mostly Losing
Most AI systems in trading contests lose money, overtrade, and generate inconsistent decisions even under identical instructions.
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Nvidia’s Risky Business – Stratechery by Ben Thompson
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.
also on #ai-infrastructure, Nvidia
Greetings, Earthlings: Philip Johnston of Starcloud on Data Centers in Space
Falling launch costs and rising terrestrial constraints will make space-based AI data centers cheaper than Earth-based ones within a decade, potentially creating a trillion-dollar annual CapEx market for inference workloads.
also on #ai-infrastructure, Nvidia
S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic
S&P 500 rejects rule changes that would have fast-tracked SpaceX, OpenAI, and Anthropic into the index, maintaining standard eligibility criteria like profitability and a one-year seasoning period.
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