Skip to content Skip to sidebar Skip to footer

Blog Classic with sidebar

HomeBlog Classic with sidebar
Detailed view of fiber optic patch cables connecting to a blue patch panel in a data center.
lntélligence artificielle
Private credit funds face elevated risks in 2026 from two distinct but overlapping AI-related channels
Private credit funds face significant 2026 risks from two AI-related channels: disruption to software borrowers and demand shortfalls in AI infrastructure. These are compounded by liquidity mismatches, sector concentration, and ties to insurers and pensions. Non-bank direct lending, via vehicles like BDCs, has heavily expanded into both areas, heightening vulnerability. Two Primary AI-Related Risk…
13 minutes ago0Comments
Steel framework cabinets housing servers networking devices and cables in contemporary equipped data center
lntélligence artificielle
SPV (special purpose vehicle) off-balance-sheet structures are a core financing tool in the AI data-center buildout
They allow hyperscalers to expand capacity rapidly while keeping the bulk of associated debt off their consolidated balance sheets, converting what would be large capital expenditures into multi-year operating leases or offtake commitments. This creates meaningful “shadow” leverage and interconnected risks. How the Structures Typically Work A dedicated vehicle (SPV, joint venture, or variable…
1 hour ago0Comments
Cryptos
SSSI. The quantitative and microstructural architecture of stablecoin risk
Executive Summary With over $315 billion in daily trading volume, stablecoins have become the systemic plumbing of programmable finance. Yet, the Basel Committee (BIS) and the World Economic Forum (WEF) highlight a critical flaw: the lack of quantitative tools capable of measuring counterparty risk in real time. Traditional approaches rely on static snapshots (monthly attestations)…
16 hours ago0Comments
A vibrant abstract image featuring dynamic colors and intricate patterns, perfect for modern art enthusiasts.
lntélligence artificielle
How Circular Financing in AI Creates Hidden Risks Beneath a Boom
Circular financing in the AI sector refers to a tightly interlinked system of equity investments, compute commitments, guarantees, and off-balance-sheet structures among chipmakers, hyperscalers, AI labs, and data-center operators. Money and obligations circulate among a small group of counterparties, accelerating infrastructure buildout while amplifying downside risks if end-user monetization falls short. How It Works.…
23 hours ago0Comments
Stunning abstract art featuring dynamic blue and coral colors with fluid patterns.
lntélligence artificielle
BIS Warns: AI Spending Spree Echoes Past Market Manias and Recessions
AI bubble risks are elevated as of mid-to-late 2026, driven by an unprecedented capital expenditure boom outpacing near-term monetization, high valuations, circular financing, and competitive pressure from low-cost Chinese open models. Official warnings from institutions like the Bank for International Settlements highlight parallels to historical overinvestment cycles, while real technological progress and strong current revenues…
1 day ago0Comments
Cryptos Tech
Crypto Short Squeeze
Bitcoin surged to $76,800-$77,600, gaining 6-8% in 24 hours and 20% for the week. The market saw over $4 billion in 24-hour liquidations, marking the most violent short squeeze of 2026. Combined BTC/ETH ETF inflows exceeded $800 million, indicating massive institutional entries. The funding rate shifted from negative to positive, signaling a return of long…
1 day ago0Comments
Produits innovants
ScoreGex. De l’AVM local à l’oracle de rente institutionnel
"L'immobilier tokenisé est le segment le plus difficile à mesurer", c'est exactement le vide que ScoreGex peut remplir. Le marché RWA tokenisé a atteint 38,2 Md USD de valeur distribuée on-chain pour 345,3 Md USD d'actifs sous-jacents référencés. L'immobilier tokenisé représente moins de 6 % du total (~2 Md USD), alors que l'immobilier mondial pèse ~450 000 Md USD. Cette asymétrie n'est…
2 days ago0Comments