search
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 Back's Crypto Empire Faces Hack and Lawsuits▼Bitcoin Pioneer Adam Back’s Empire Beset by Hack, Lawsuits
Adam Back, the cryptographer credited as one of the earliest figures in Bitcoin and founder of Blockstream, is facing a wave of trouble across his business empire, including a hack and multiple lawsuits, according to Bloomberg. The report casts a spotlight on mounting legal and security pressures surrounding the company and its high-profile founder.