Lisa Abramowicz@lisaabramowicz1There’s an increasingly dystopian tone to commentary on AI. Fed Gov Waller today: “The thing with AI is it’s coming at us so fast….that it’s easy to start seeing jobs that may go away before you see the new jobs that are going to be created.”Opens with an observation
Lisa Abramowicz@lisaabramowicz1Disruption is a feature of the tech cycle, but ruptures have big ripple effects. Private credit is taking a big hit from its software exposure, for example. Software now accounts for about 20% of investments in BDCs compared to around 10% in 2016: Barclays t.coOpens with an observation
Lisa Abramowicz@lisaabramowicz1OpenAI is likely to raise $60 billion in its IPO, more than double Saudi Aramco's record. If it gets the expected $1 trillion valuation, it would be the world's 14th biggest company: Deutsche Bank's Adrian Cox t.coOpens with a number