The AI Panic Has Started

#finance
#financement

Blackstone’s $41 billion private credit fund has limited withdrawals for the second quarter in a row after investors asked for $4.3 billion back.

OpenAI asked for $30 billion and raised $11 billion, Nvidia lost $500 billion in a week, and Anthropic’s own filing shows it needs to nearly triple revenue just to cover its compute bill.

The money that was supposed to pay for AI data centres is leaving, and everyone in AI spent it before it arrived.