AI slowdown calls justified but collapse of bubble may be more immediate threat | Heather Stewart
Escalating data center debt and falling token prices threaten financial instability across hyperscalers and frontier AI labs.
Finance
Exclusive: Fintech Offers Startups Alternative To Venture Debt With A New Model To Finance Customer Acquisition Costs
Fintech startup Skalar launched out of stealth with $125M in commitments to fund startups' customer acquisition costs without requiring equity or fixed debt schedules.
UK economy unexpectedly grows 0.4% in July boosted by AI
The UK economy expanded by 0.4% in July, driven by rapid turnover growth in AI services and cloud computing sectors.
Claret Capital raises €575m for fourth debt fund as ‘less sexy’ startups need access
Claret Capital Partners raises €575 million across its fourth debt fund and commitments for deeptech and climate ventures.
WhatsApp Remittance Startup Félix Secures $200M Series C Led By A16z, General Catalyst
WhatsApp remittance platform Félix raised $200 million in Series C funding to expand AI-driven cross-border financial services across Latin America.
Bank of England chief warns that inflated AI valuations and rising leverage could trigger the next financial crisis
Bank of England Governor Andrew Bailey warned G20 ministers that inflated AI valuations and leverage pose systemic financial risks.
You Know Who Really Hates AI? Insurance Claims Adjusters
Insurance claims adjusters express extreme dissatisfaction with workplace AI implementations amid sharp sector employment declines, according to Glassdoor research.
AI could cause global economic downturn, Bank of England governor tells G20
Bank of England Governor Andrew Bailey warned G20 leaders that advanced frontier AI models risk destabilizing global financial systems via cross-border cyber threats.