private equity

AI startup PaleBlueDot AI is seeking $600 million in private credit financing to purchase chips, according to Bloomberg News. The move highlights the enormous capital costs of acquiring AI hardware, with firms increasingly turning to private credit markets rather than traditional equity funding to pay for scarce, expensive GPUs.

A Wall Street regulator is preparing to unveil new proposals aimed at retail investors gaining access to private assets, according to a news report. The move would affect how ordinary investors can put money into privately held assets such as private equity or credit. Details of the proposals, and their timing, have not yet been made public.

Investors are tracking Blackstone Inc., the New York-based private equity and asset management firm, whose BX ticker is being monitored for stock price movements, quotes and history. Market watchers typically follow the stock as a gauge of private credit and private equity sentiment, with interest tied to earnings, deal activity and broader market conditions.

Adam Tooze's latest Chartbook newsletter examines the rising cost of debt service and its implications for the Pentagon budget, alongside private equity's growing role in US housing politics. The roundup also covers the re-emergence of black lung disease among coal miners and a colorized account of the Franco-Prussian War. Readers are discussing the links between fiscal pressure, defence spending and housing affordability.