Larry Fink’s latest bet shows AI mania still has plenty of cash to burn

Investment outfit BlackRock is throwing serious money at the plumbing behind artificial intelligence.

Industry is built on loaning cash to buy Nvidia chips

The cocaine nose jobs of Wall Street have lobbed more than $11 billion at “neocloud” outfits like CoreWeave, Crusoe and Lambda Labs, betting that a warehouse full of Nvidia chips is as good as gold.

Plan to replace real money with imaginary money a bit silly

The software King of the World, Microsoft, has decided not to invest in the Bitcoin Ponzi scheme, which would have transferred some of its real assets to the imaginary currency.