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Adam Back
Trends
- 1Big Tech issues up to $300bn in guarantees backing AI debt●“ #BigTech companies are rapidly expanding their use of #guarantees to back debt for #AI #datacentres and #chips , issui
Major technology companies are rapidly expanding the use of guarantees to back debt financing for AI datacentres and chips, issuing up to $300 billion in commitments in less than a year, according to analysis shared by economist Adam Tooze. The commitments largely stay off the companies' balance sheets, raising questions about hidden leverage in the AI buildout and how much risk the industry is actually carrying.
- 2Adam Levinson Launches Comeback After SVB Collapse Shut His Fund●Adam Levinson Is Back After SVB's Collapse Forced His Hedge Fund to Close
Hedge fund manager Adam Levinson is returning to investing, two years after the collapse of Silicon Valley Bank forced his fund, Graticule Asset Management Asia, to shut down. The fund was hit when SVB's March 2023 failure triggered heavy losses across markets. His comeback is drawing attention as a sign that investors are moving on from the SVB fallout.
- 3Adam Back's Crypto Empire Hit by Hack and Lawsuits▼Bitcoin Pioneer Adam Back’s Empire Beset by Hack, Lawsuits
Adam Back, the cryptographer credited as one of the pioneers cited in Bitcoin's creation, is facing mounting troubles across his business empire. Bloomberg reports his ventures are dealing with a hack and multiple lawsuits, raising questions about the state of operations at the companies tied to the well-known cypherpunk figure.