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Meanwhile BlackRock the biggest fund manager in world, started fund limits withdrawals as redemptions rattle private credit. Can you guess industry names that are using private credit (hint AI startups) ? reuters.com/business/blackrock

Blackrock said on Friday it has limited withdrawals from a flagship debt fund 鈥媋fter a surge in redemption requests, as investor worries mount around the $2 trillion private credit industry that giving loans to AI and software industry mostly.

nixCraft 馃惂 @nixCraft@mastodon.social
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Over the past few weeks, several US banks have pulled off from lending to Oracle for expanding its AI data centres, as per a report. So Oracle is now firing 30000 engineers as banks pull out from financing AI data centres and OpenAI deals to meet fools dream. Wise investors are pulling out of data centres now as they found out it's impossible to reach AGI & exponential AI growth through increasing the scale of compute. LLMs have already hit their developmental plateau livemint.com/companies/news/or

Oracle Layoffs: Tech giant to slash 30,000 jobs as banks pull out from financing AI data centres | Company Business News

Over the past few weeks, several US banks have pulled off from lending to Oracle for expanding its AI data centres, as per a report.

www.livemint.com 路 mint

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