Risk Management - The company is continuously working on managing third-party risk, especially concerning supply chain constraints [1] - Procedures are being put in place to handle potential backlog doubling and further supply tightening [1] Client Diversification - The company has significantly diversified its client base [2] - At the beginning of the year, 85% of revenue came from a single client [2] - Currently, no single client represents more than 35% of the company's backlog, a decrease from 50% last quarter [2] - Tremendous progress is being made on the contracting side [2] Supply Chain Diversification - No single data center provider represents more than 20% of the company's 29 gigawatts of power to be delivered over the next 24 months [3] - The company is focused on diversifying both clients and suppliers [3]

One of the things that this industry looks vulnerable to or has an opportunity to do is to bring in AI. >> Yes. >> How much are you spending on AI right now.How much do you think it's going to change your business. How does it change your business. >> Yes.I I think we what what we know for certain is that it's going to change the business. Okay. How we are not yet okay as that you haven't figured out yet.>> No, I I I think I think there are obvious areas. You know I I was actually last week Monday morning M ...

SoftBank has sold its entire stake in Nvidia, pocketing $5.8% billion in the process. So why is SoftBank selling now. The company says it needs the liquidity to fund its AI investment bets, whether that's deal making or infrastructure.But it comes, of course, at a time when there's a lot of concern and a lot of hand ringing about whether or not we are facing an AI infrastructure bubble. Again, SoftBank says this is about financing. It's not about Nvidia itself, but the company does want to be a key player o ...

यहां पे अब तक चार टीमें पहले आ चुकी थी। ये पांचवी टीम आई 3 2 3 7 हां. ...

We are in day 42 of the US government shutdown and small business owners are bracing for a steep rise in health care costs next year. Some are even saying that their premiums for health care insurance are set to nearly quadruple. For more, let's bring in Bloomberg's Caitlin Reilly.So, Caitlin, you spoke with a bunch of small business owners. What are they telling you in terms of the frustrations with the increased premiums. Well, they're weren't really worried. They're worried for a couple of reasons.First, ...

AI & Technology - Hyperscalers resemble the operating systems of the dotcom boom and have the best chance of creating software packages that bring AI to the people [4] - The rapid depreciation of AI chips, with new chips appearing every 18 months that are ten times more powerful, poses a risk to independent companies [7] - The focus is on who will create the software package that can be monetized, with hyperscalers having the best chance [7] Market & Investment Trends - The world is different from the dotcom boom era because most companies understand that many of those companies never generated earnings or revenues [1] - Only Microsoft, Apple, and Amazon recovered from the dotcom boom and became substantially larger companies [2] - The ETF business has changed the investment landscape from mutual funds, offering tax efficiency and lower running costs [9][10] - Private debt relative to GDP is down 2% annually, indicating the private economy is saving money [16] - The dollar's stability suggests that the anticipated economic problems may not be as severe as expected [17] Value Investing - The most important engine of a value company is generating free cash flow and collapsing capitalization [13] - Value companies in mature industries should focus on generating cash flow rather than investing heavily in CapEx [13]

Regulatory Landscape & Compliance - CFTC regulates prediction markets, including event contracts on elections, sports, and more [1][11] - Prediction markets are designated contract markets and registered with the CFTC, implying obligations to prevent manipulation and abusive trading [11][17][18] - Failure to comply with CFTC obligations results in liability for the organization, not just individual participants [18] - Common compliance solutions include training and awareness programs, especially for those involved in events covered by prediction markets [9][10] Market Growth & Trends - Prediction markets have experienced rapid growth, expanding from elections (e.g, KALSI, Polly Market) to sports and other areas [2][3] - Prediction markets are becoming a permanent asset class, influencing how people follow events like elections [19][20] Risks & Challenges - Insider trading is a significant risk in prediction markets, similar to equity, crypto, and sports betting markets [8][9] - There are risks associated with individuals betting large sums (e.g, liquidating 401Ks) on prediction market outcomes [13][14] - Recent cases involving NBA players and major league pitchers highlight the risks of inappropriate gambling and performance manipulation [5][6] Risk Mitigation & Deterrence - Strong policies and procedures, along with enforcement cases, are crucial for deterring misconduct in prediction markets [15][16] - Enforcement actions raise awareness about the risks of participating in these markets [15] - Transparency in prediction markets allows for quick detection of anomalous activity [7][8]

[Music] The September ADP private payrolls report showed a decline of 32,000 jobs, later revised to 29,000, marking the largest monthly drop since early 2023. This was driven in significant part by a one-time methodology recalibration aligned with the BLS benchmark revisions, which subtracted 43,000 jobs from the September figure, meaning the underlying data would have indicated a modest gain of about 11,000 without the adjustment. October rebounded with a gain of 42,000 exceeding economist expectations aro ...

Now, yesterday we had it. This time gains in the cash trade because of optimism on ending a shutdown. And President Trump has expressed his support for the bipartisan deal to end the US shutdown.He spoke yesterday in the Oval Office. I think based on everything I'm hearing, they haven't changed anything. And we have support from enough Democrats and we're going to be opening up our country to better whistleblowers, but we'll be opening up our country very quickly.For the latest, we're joined by bloomberg Wa ...

Supply Chain & Partnerships - No single entity controls the entire supply chain, emphasizing the reliance on partners for business at scale [1][2] - The company acknowledges a past issue with a partner but reaffirms their long-standing relationship and expects a rapid resolution [3][4] - A contract delay with a partner is expected to cause a delay in revenue, not a loss, highlighting the nature of working within an ecosystem [5] Diversification & Risk Management - The company is actively diversifying its client base, reducing reliance on a single client from 85% to no more than 35% of its backlog [9] - The company is diversifying its data center providers, with no single provider representing more than 20% of the 2.9 gigawatts of power being delivered over the next 24 months [10] - The company is implementing measures to future-proof against delays, including building a self-build organization for data centers and diversifying data center providers [12][13] Government & Regulatory Support - The company advocates for government assistance in addressing permitting issues and speeding up infrastructure attachment to the grid [16] Market Demand & Capacity - Client demand for infrastructure overwhelms the market's capacity to deliver, indicating a systemic shortage of GPUs and computing infrastructure for AI buildout [22][23] Strategic Initiatives - The company has a contract with Nvidia that allows for repurposing compute to new companies and startups, fostering ecosystem resilience [18][19]