The scientist who predicted AI psychosis has a grim forecast of what's going to happen next https://futurism.com/health-medicine/ai-debt-scientist-psychosis "If the use of AI chatbots does indeed cause cognitive debt, we are likely in dire straights."
Sources: Blue Owl Capital will not invest in Oracle's $10B, 1GW data center in Michigan after funding talks stalled due to concerns over debt terms and delays (Financial Times)
https://www.ft.com/content/84c147a4-aabb-4243-8298-11fabf1022a3
A new mortgage crisis is quietly hitting those who can least afford
This week, there was yet another warning that many homeowners might be headed for trouble.
💥The mortgage delinquency rates for lower-income households are surging,
according to the Federal Reserve Bank of New York’s Center for Microeconomic Data, which recently released its Household Debt and Credit report for the fourth quarter of 2025.
🔥According to New York Fed data,
the 90-plus-day mortgag…
It is one of the miracles of capitalism that a company that has been in business for a century or more, making crazy fat profit margins for generations, can manage to die in debt.
https://www.poynter.org/business-work/2026
US #debt to hit $64 Trillion within a decade as #Drumpf economic policies widen daring #deficit chasm
“And the cost of credit default swaps, which protect bond investors from losses, has surged in recent months on some A.I. companies’ debt.”
Cool cool So like a dot-com boom-bust with mortgage crisis characteristics?
https://www.
India-based AI cloud startup Neysa plans to raise up to $600M in equity led by Blackstone, plus $600M in debt, to deploy 20K GPUs in India for AI training (Baiju Kalesh/Bloomberg)
https://www.bloomberg.com/news/articles/2026-02-1…
Hong Kong-based WeLab, which operates two digital banks in Hong Kong and Indonesia, raised $220M in equity and debt from HSBC, Prudential Hong Kong, and others (Denise Wee/Bloomberg)
https://www.bloomberg.com/news/articles/2026-…
In der Juristerei wird das Aufkommen der LLMs begeistert gefeiert. Man versucht sich zu profilieren. Man ist vielleicht besorgt, dass die Stundensätze herunter gehen könnten. Aber sonst? Und dann diese Studie, die zeigt, dass bei Benutzung von LLMs die cognitive Kapazität und damit auch die Qualität dauernd nach unten zeigt. Kurz: Ein LLM-Anwalt bietet teure 0815-Soße, die man auch ohne Anwalt haben kann.
Over the past four years, hedge funds have doubled their footprint in the U.S. debt market,
making the Cayman Islands
— where many hedge funds are officially based
— the place where the most U.S. debt outside the United States is held, according to the Fed.
Typically, people flock to Treasuries for safety in times of crisis.
Yet, driven in large part by hedge fund activity, the Treasury market went through unusual turbulence during recent shocks -- including th…
DTCC: credit default swaps tied to a handful of US tech groups have climbed 90% since early September, as investors seek ways to protect against an AI debt bust (Financial Times)
https://www.ft.com/content/c5f9380e-df86-42a9-a387-a0d5e04ad45f
Texas teen's campaign erases $4.7M in medical debt #debt
But the debt industry itself hasn't gotten any more efficient: "the cost of moving a dollar from a saver to a borrower was about two cents in 1910; a hundred years later, it was the same." ... "This puzzle resolves itself once we recognize that the vast majority of financial innovation is geared towards figuring out how to siphon off resources through fees, insider information and lobbying."
Databricks raised $5B in funding and $2B in new debt at a $134B valuation and says its annualized revenue exceeded $5.4B for the January quarter, up 65% YoY (Jordan Novet/CNBC)
https://www.cnbc.com/2026/02/09/databricks-completes-5-bil…
Series C, Episode 01 - Aftermath
DAYNA: There's nothing else. We just don't want to go back, that's all. We're not criminals; we're not hiding. We stay here because we want to.
SERVALAN: You mustn't let me upset you. It's just that I'm fascinated by your life here. I'm so grateful to you. I don't know what I would have done without you up on the surface. You saved my life. And that's a debt I want to repay. So, [caresses Dayna's ch…
"One peculiarity of this revamped public provision is that it is happening without significant economic growth and without being fuelled by debt. Instead, it is reliant on budget restructuring and increased tax collection."
Edwin F. Ackerman, Sheinbaum’s Mission — Sidecar
https://newleftreview.or…
From #AnnafromUkraine @AnnafromUkraine@youtube.com
RUSSIA FACING DEBT CRISIS: VTB SBERBANK NO MONEY Vlog 1250: War in #Ukraine
#Russia’s top banks
📣📣📣 LLM-powered coding mass-produces technical debt. 📣📣📣
The expectations around them are sky-high, but many organizations are falling behind because of them. 📉
WHY IT MATTERS? CTOs lament slowdowns and production issues traced to company-wide rollouts of LLM-powered coding assistants. The AI promise clashes with the reality of technical debt and security issues. 🐛
Read more:
2006: Less is more, don’t repeat yourself
2016: Beautiful code prevents technical debt
2026: trillions of lines of generated spaghetti code that generate other spaghetti code will save us
Starting in January, the Trump administration says it will
garnish the wages of student loan borrowers who haven’t been able to make their payments for at least nine months.
“It’s cruel and hostile to working people to turn the system on before we’re sure that we can run it in a compliant manner,”
says Julia Barnard, higher education team lead at the Debt Collective and former student loan ombudsman at the Consumer Financial Protection Bureau.
To student debtors fac…
Alphabet raised almost $32B in debt in less than 24 hours; it sold sterling- and Swiss franc-denominated offerings following Monday's $20B dollar debt sale (Bloomberg)
https://www.bloomberg.com/news/articles/2026-02…
Good Morning #Canada
The month of December will typical put a dent in your paycheck, or January if you're using your credit cards, so it's tough to save any money. Canadians rank 21st worldwide with regards to how much of our salary we put into a savings account. According to World Population Review, we put away approximately 7% of our paycheck for a #RainyDay, far behind South Korea at 35%. I'm retired and therefore not a saver at this point, but even during my most successful earnings period I can't imagine I would have been able to put away a third of my salary.
I suspect the savings percentage is driven by a small group of high wage earners as individual Canadian debt has increased. According to Equifax, total consumer debt in Canada reached $2.56 trillion at the end of 2024, a 4.6 per cent increase over 2023.
#CanadaIsAwesome
https://www.equifax.ca/business/blog/all-news/-/story/stable-versus-struggling-canada-s-financial-divide-widens/
If I didn't need iOS 26 for testing, I’d have waited a few point releases. Fixing years of tech debt is good, but has to frustrate those who updated but might have wanted to wait.
“Apple to focus on ‘quality and underlying performance’ with iOS 27 next year: report”
https://
OpenText is selling its analytics business Vertica to Rocket Software for $150M to reduce its outstanding debt, its second business unit sale within five months (Alex Riehl/BetaKit)
https://betakit.com/opentext-sells-analytics-database-vertica-to-pay-down-debt…
Sonnet 083 - LXXXIII
I never saw that you did painting need,
And therefore to your fair no painting set;
I found, or thought I found, you did exceed
The barren tender of a poet's debt:
And therefore have I slept in your report,
That you yourself, being extant, well might show
How far a modern quill doth come too short,
Speaking of worth, what worth in you doth grow.
This silence for my sin you did impute,
Which shall be most my …
I suspect it's been said before, yet many have forgotten:
California's CPUC polices on the TNCs (Uber, Lyft, etc) that prohibited local regulation are example of how wealth transfer really works - Toward capital, not those at the lower income levels. This situation is absolutely shameful.
Pity I haven't heard concerns about this from politicians, especially those with strong SF connections, like Governor Newsom, or our reps in Sacramento.
SF taxi drivers wan…
I suspect it's been said before, yet many have forgotten:
California's CPUC polices on the TNCs (Uber, Lyft, etc) that prohibited local regulation are example of how wealth transfer really works - Toward capital, not those at the lower income levels. This situation is absolutely shameful.
Pity I haven't heard concerns about this from politicians, especially those with strong SF connections, like Governor Newsom, or our reps in Sacramento.
SF taxi drivers wan…
Folks who have successfully bootstrapped a complex open source project from a solo endeavor with occasional third part PRs up to something with multiple core developers and lots of more casual contributors: how do you handle the balancing act between conflicting responsibilities?
I'm sitting on top of 250K lines of complex multi threaded C and GLSL HPC code in ngscopeclient and it's been a constant struggle to clean up decade old technical debt to make it easier for new devs …
RE: https://pawb.fun/@itsOasus/115787031750775789
"Starting a company is really just about getting a credit card and frantically spending as much as possible until you're profitable. Don't worry about the debt. It's not going to be your problem."
This would be a useful metaphor if it wasn't just how these people think. Anyway, thanks for the free bugs. You'll never be able to pay enough consulting fees to keep from being hacked repeatedly forever.
This is how the system collapses. At some point it simply isn't possible to sustain the crushing weight of incompetence.
"On being formal: communal informatics, khipu technologies, extractivism, and debt."
Research workshop of the Epistemic Media Research Group (Institute for Music and Media) with @…, @…,
Student loan debt tops $1.6 trillion
The average tuition has doubled in the past 30 years.
At the same time, new federal caps on how much parents can borrow for college placing higher education further out of reach for some families.
Against that backdrop, a growing number of schools are making college more affordable
by providing free tuition to undergraduate students from low- and middle-income families.
The movement dates back 20 years but has gained momen…
It sounds like #Oracle took on a whole bunch of debt to build data centers for #OpenAI. It makes sense that the company's value would dip based on that but $15bn more than the full contract value is significant.
"Since September 10, when Oracle announced a $300bn deal with the chatbot maker, its stock has shed $315bn* in market value"
https://www.ft.com/content/064bbca0-1cb2-45ab-85f4-25fdfc318d89
"Spending as a share of GDP is pretty well where it was at the end of the last government. This government had reversed the additional austerity the last government had pencilled in, but once you allow for trends in health spending and debt interest the substantial reduction in the level of public service provision that we saw under fourteen years of Tory rule has not and will not be significantly reversed."
mainly macro:
Source: Databricks obtained $1.8B in fresh debt and now has over $7B in debt ahead of a potential IPO; it raised $4B in December at a $134B valuation (Jordan Novet/CNBC)
https://www.cnbc.com/2026/01/23/databricks-obtains-1point8-billio…
Sources: Intel is in advanced talks to acquire AI chip startup SambaNova for about $1.6B including debt; the deal could come together as soon as next month (Bloomberg)
https://www.bloomberg.com/news/articles/2025-12-12/intel-nears…
Refinitiv: AI infrastructure companies borrowed $100B in 2025; small companies face higher interest rates given investor wariness over unproven AI businesses (Joe Rennison/New York Times)
https://www.nytimes.com/2025/12/26/busines…
A profile of Amazon CTO Werner Vogels, who said his 2025 re:Invent keynote was his last to make room for other voices and warned devs about "verification debt" (Marcus Schuler/Implicator.ai)
https://www.implicator.ai/werne…
Members of Demilitarize Brooklyn Navy Yard (#DBNY ),
a campaign that organizes weekly demonstrations calling for the eviction of two companies from the city-owned industrial park,
said a new mayor won’t alter their activism.
“Mamdani’s electoral victory doesn’t change our mission nor does it change our work,”
said the group in a statement to Mondoweiss.
“We hope Mamdani heeds the …
S&P Global: data center deals hit $61B globally in 2025; debt issuance nearly doubled YoY to $182B, with Meta raising $62B debt since 2022, ~50% of that in 2025 (April Roach/CNBC)
https://www.cnbc.com/2025/12/19/data-center-deals-…
Why did Republicans close ranks around Donald Trump in 2016,
when they could have salvaged their old party and rebuilt after losing?
From the vantage point of today, it’s easy to dismiss the notion. “That’s just what parties do, of course, particularly Republicans in their era of hyperpartisanship.”
But the people who might say that have forgotten how unsettled Republicans were a decade ago.
The idea that they might be forced to withdraw support from Trump and accep…
Israel-based Chargeflow, whose AI tech automates chargeback disputes for online merchants, raised a $25M Series A led by Viola Growth, and a $10M debt round (Meir Orbach/CTech)
https://www.calcalistech.com/ctechnews/article/bk00v9g9e11g
US companies sold $1.7T of investment-grade bonds in 2025, nearing the $1.8T 2020 record, driven by AI infrastructure borrowing; Goldman says AI makes up ~30% (Kate Duguid/Financial Times)
https://www.ft.com/content/faa3d747-9a32-4219-93eb-a93c10502f06
Mass delays and cancellations, seemingly endless small repairs disrupting traffic in key commuting areas, and overcrowding are just some of the issues facing passengers who rely on Deutsche Bahn in their daily lives.
Since coming into power in early 2025, the government of Chancellor Friedrich Merz has repeatedly promised to fund major rail projects that had already been planned.
Of the €500 billion ($585 billion) in controversial new debt taken on by his administration
👉 €15…
Netflix has lined up a $59B unsecured bridge loan from Wells Fargo, HSBC, and BNP Paribas for its WBD deal, one of the largest ever unsecured bridge loans (Bloomberg)
https://www.bloomberg.com/news/articles/2025-12-05/netflix-lines-…
Nomura: total returns for software debt in collateralized loan obligations have been lower than all other sectors in 2026, amid fears about AI's impact on SaaS (Bloomberg)
https://www.bloomberg.com/news/articles/20
Oracle says it plans to raise $45B to $50B in 2026 to build additional capacity for its cloud infrastructure through a combination of debt and equity sales (Vincent Lee/Bloomberg)
https://www.bloomberg.com/news/articles/2026-…
Sources: OnlyFans is in talks to sell a nearly 60% stake to Architect Capital in a deal that values the company at around $5.5B, including debt (Wall Street Journal)
https://www.wsj.com/business/deals/onlyfan
OpenAI's data center partners are set to rack up nearly $100B in debt; sources say banks may lend another $38B to Oracle and Vantage to build more OpenAI sites (Financial Times)
https://www.ft.com/content/5605d086-289e-4b5f-803b-4c13666976a5
Ubisoft says Tencent's €1.16B investment in Vantage Studios, set to reduce its debt, is complete, giving Tencent a 26% stake in Vantage and valuing it at €3.8B (Daniel Zuidijk/Bloomberg)
https://www.bloomberg.com/news/articles/20
Analysis: Oracle has moved $66B of debt for building AI data centers off its balance sheet using SPVs; Meta has moved $30B, xAI moved $20B, and CoreWeave $2.6B (Tabby Kinder/Financial Times)
https://www.ft.com/content/0ae9d6cd-6b94-4e22-a559-f047734bef83
How Meta's financing structure for its $27B Louisiana data center, which helps it keep debt off its books, hinges on some convenient accounting assumptions (Jonathan Weil/Wall Street Journal)
https://www.wsj.com/tech/meta-ai-data-cent
Nvidia refuted accounting questions in a memo to analysts, saying "Unlike Enron, NVIDIA does not use Special Purpose Entities to hide debt and inflate revenue" (Tae Kim/Barron's Online)
https://www.barrons.com/articles/nvidia-st…
Sources: AI chip startup SambaNova is seeking to raise $300M to $500M after talks to sell the company to Intel for about $1.6B, including debt, stalled (Bloomberg)
https://www.bloomberg.com/news/articles/2026-01-21…
Berlin-based Cloover, which makes software to help install solar, home batteries, and heat pumps, raised $22M from Lowercarbon and others and $1.2B in debt (Coco Liu/Bloomberg)
https://www.bloomberg.com/news/articles/2026-01…
A group of PE firms led by Permira and Warburg Pincus agrees to buy Clearwater Analytics, in a deal valuing the financial software maker at $8.4B including debt (Ryan Gould/Bloomberg)
https://www.bloomberg.com/news/articles/20
After a delay, Ubisoft reports Q2 net bookings up 39% YoY to €490.8M, above €450M est., and expects Q3 bookings of €305M; Ubisoft resumed trading on November 21 (Leo Marchandon/Reuters)
https://www.reuters.com/world/asia-pacific