Private Credit’s Birthplace Gives New Rise to 1980s-Style Greed For the past several years, private credit shone bright as the latest form of the “junk” debt revolution — one that began in the 1980s with Michael Milken’s Drexel Burnham Lambert and spawned a broader universe of leveraged lending.
Nvidia to Invest Up to $2.1 Billion in Data Center Firm IREN Nvidia Corp. is investing as much as $2.1 billion in the data center developer IREN Ltd. as part of a broader partnership between the two companies aimed at accelerating the construction of artificial intelligence infrastructure.
CoreWeave Posts Sales Surge, Wider Loss After Spending Boom AI data center operator CoreWeave Inc. posted higher sales than anticipated last quarter, but also a wider loss, after the company spent heavily to bolster its operations and meet burgeoning demand.
Bloomberg’s Caroline Hyde speaks with Arm CEO Rene Haas about sluggishness in the smartphone industry and growing demand from AI data centers. Plus, Anthropic signs an agreement with Elon Musk's SpaceX to access computing resources from its competitor. And, the CEO of HawkEye 360 discusses the satellite surveillance firm's IPO, which raised $416 million. (Source: Bloomberg)
