Credit default swaps are back

"The debt and equity of companies linked to the tech boom have whipsawed in recent months as traders scrutinised earnings reports and debated how competing AI products from companies such as OpenAI, Google and Anthropic would affect demand for chips and data centres."

FT: "Investors seek protection from risk of AI debt bust"

ft.com/content/c5f9380e-df86-4…

#EndTimes #FuckAI

Investors seek protection from risk of AI debt bust

Trading in insurance-like products that protect against tech company defaults is booming

^{Oliver Roeder (Financial Times)}

Holy fuck, look at the size of these things.

More than 700 sink holes have opened across Turkey, due to extreme drought.

via AccuWeather

EDIT: some lovely people in the replies have provided further reporting and additional information, so do check it out! Thanks to @MyricaGale and @SBartsch

#ClimateCatastrophe #EndTimes