Banks turn data centre loans into 2008-style financial time bombs

An asset bubble is an opportunity. By late 2024, financiers were already constructing collateralised GPU obligations, lending against video cards. CoreWeave borrows against its Nvidia GPUs — which have a useful life of maybe two years. CoreWeave then uses the loan to buy more Nvidia GPUs. This is fine. Investment banks have been hard at […]

Oh no! The President Donald J. Trump Advanced Energy and Intelligence Campus is in trouble

In May last year, the Trump administration announced it would fast-track nuclear power for AI! Vibe nuclear. Fermi America heard the call — and they dived right in to fill this much needed gap! Fermi was founded by former Texas governor Rick Perry, his son Griffin Perry, and Toby Neugebauer as CEO. Neugebauer has an […]

Data centres: Building opportunities on solid foundations

Data centres power New Zealand’s digital economy, enabling cloud, AI and critical services. With billions in investment ahead, collaboration and sustainable infrastructure are key to long-term growth.

The backbone of our digital economy

Every business-critical system – from banking platforms to supply chains, financial transactions to enterprise applications – relies on data centres. Data…

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Power price rises are from data centres. Nothing but data centres.

Today, we’re going through a panel discussion from the Brookings Institution on Monday 2 March on why electricity prices are going up across the United States. Brookings talked to four regulators and experts. [YouTube] So what’s making power prices go up across the US? Here’s Joseph Bowring, who is the Independent Market Monitor for PJM […]

Blue Owl won’t give your money back. This is fine

Blue Owl is a hedge fund. It’s been getting heavily into private credit — somewhere companies can borrow money when they don’t want to issue corporate bonds. Private credit does things banks aren’t allowed to do since the 2008 financial crisis — they don’t need the same reserves against risk that banks have to maintain. […]

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