Shuli Ren

A great asset migration is taking place in Japan. Yet as investors reallocate their overseas capital from bonds to stocks and unwind yen-funded carry trades, they’re also deepening France’s sovereign debt crisis.

Elon Musk has been a mixed blessing for Wall Street. His mega-financing deals have generated lucrative investment-banking fees while reshaping global market dynamics.

Elon Musk has always been a mixed blessing for Wall Street. Now, as the AI party rolls on, he is testing the limits of the debt boom.

Elon Musk has always been a mixed blessing for Wall Street. Now, as the AI party rolls on, he is testing the limits of the debt boom.

Skeptics of the artificial investment boom are doubling down. Billionaire Ray Dalio warned last week that the bubble was near its bursting point, while Michael Burry of the Big Short fame brought forward the timeline for his bearish thesis. SoftBank Group Corp. founder Masayoshi Son’s attempt to set up another $100 billion AI-focused venture capital fund will only give the doubters more ammunition.

In a capital-intensive industry where money is the weapon that catapults startups to scale and overwhelms rivals, financiers can have a lot of sway.

Anthropic PBC Chief Executive Officer Dario Amodei has called for a slowdown in the pace of artificial intelligence development and famously put a 25% probability on AI going “really, really badly” for humanity. But before his technology reshapes the world, Anthropic is delivering an immediate shock to Wall Street: a dramatic revenue slowdown that threatens to deflate the trillion-dollar AI trade.Ahead of a much-anticipated initial public offering, Anthropic informed prospective investors that

An AI startup backed by Nvidia Corp. is like a fresh graduate with a Harvard degree. The pedigree brings prestige and a premium. But global investors are starting to question how much that fancy label is really worth.

For crazy rich Asians, a selloff in AI-related stocks presents new trading opportunities. Volatility has become their friend.

Not in my backyard or in my retirement fund. Australia is giving us a chilling preview of how fast the trillion-dollar AI data center buildout can unwind.