Google ($GOOGL), who actually in theory has money needs to sell more debt to fund their investments into AI, and credit spreads blow out further.
* Microsoft ($MSFT) is telling their employees to use less AI because it is too expensive, when they are trying to shove it down everyone’s throat and disclose that most of their growth is coming from OpenAI, whose big investor needs to use their stock to fund its next investment into OpenAI. I cannot keep up:
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