“Incestuous transactions and #financialengineering within and between the big #AI firms artificially inflate revenues even further, pouring gasoline on an already-blazing market” www.thestar.com/business/opi...

Your job is at risk from AI — ...
Your job is at risk from AI — but not for the reasons you think. Can you say dot-com bubble?

The current exuberance in AI and related stocks in the U.S., writes Jim Sanford, is reminiscent of the tech crash in 2001. Can you say dot-com bubble?

Toronto Star

Concerns Mount Over Potential AI Market Bubble in Silicon Valley

In Silicon Valley, growing concerns about an AI market bubble are sparking debates among industry experts and investors. OpenAI's CEO, Sam Altman, acknowledged the speculative fervor surrounding AI, admitting that some investments may be overvalued due to 'financial engineering.' Despite OpenAI's ra... [More info]

Just got a bit of a windfall… multi-save 3 for 2 offer (cheapest free) PLUS loyalty card discount of 25p on cheapest item.

#fintech #financialEngineering

Rigged System, Not Capitalism - Tom Bilyeu

#financialengineering #billionaires #riggedeconomy

Hana Securities is recruiting experienced FX spot and swap traders, with applications open until the 13th, seeking candidates with strong market and programming expertise.
#YonhapInfomax #HanaSecurities #FXSpot #SwapTrading #Recruitment #FinancialEngineering #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=66621
Hana Securities Recruiting Experienced FX Spot and Swap Traders—Applications Close on the 13th

Hana Securities is recruiting experienced FX spot and swap traders, with applications open until the 13th, seeking candidates with strong market and programming expertise.

Yonhap Infomax

Value creation.

Between Gamestop taking debt to buy crypto to prop up the stock, and X inverting into xAI to protect his debt holders (using one credit card to pay off the other), it's a big week for value creation. Imagine if interest rates were even higher...or if real assets were at stake. 🤯

#inversion #finance #financialengineering #x #ai #gamestop

Elon Musk says he sold X to his AI company

https://www.ctvnews.ca/business/article/elon-musk-says-he-sold-x-to-his-ai-company/

Elon Musk says he sold X to his AI company

Elon Musk on Friday evening announced he has sold his social media company, X, to xAI, his artificial intelligence company, in a deal that values X at US$33 billion.

CTVNews
@drahardja Finally, #Tesla introducing a refresh. When was the last major redesign, the the Model S? This refresh took 4 years. Wherever all their money is going, it’s not R&D. And they think a janky ass robot is going to save the company? Wtf? Are #TSLA #shareholders all suffering from brain damage? I wouldn’t be surprised if there’s some #financialengineering going on, as well.

deep dive into the financial engineering at work in Michael Saylor's not-technically-fraudulent "strategy" of borrowing billions of dollars to buy #Bitcoin via his company #Microstrategy.

And yes, if you're wondering, Microstrategy is the same company Saylor committed accounting fraud with while he was CEO of back in the dotcom bubble and in the process set a record for most money lost by anyone in a single day that stood for almost two decades IIRC

https://www.campbellramble.ai/p/convert-of-doom

#MSTR #crypto #BTC #financialEngineering #finance #stockmarket #options #gamma #cryptocurrency #MichaelSaylor

Convert of Doom

Microstrategy and the dark arts of 'volatility arbitrage'

Campbell Ramble

@emilygorcenski

Great thread on engineering practices and how to manage for safety.

This post especially is worth reading and re-reading. Mastering technical complexity is one thing (exciting!), making the system robust in use is another (tedious!). We need more effort on the tedious side.

So true in many other fields, such as the design of complex financial instruments. Building those extra layers of "what if it fails?" is the hard bit.

#engineering #RiskManagement
#FinancialEngineering