21 new lenders just joined SoftBank's $40B loan for OpenAI 🚀
They picked up about $7B of the total. First Abu Dhabi Bank, GIC, and Standard Chartered each took roughly $1B. The other $33B is still with the original backers—might get syndicated more later.
Michael Burry, the guy who saw the housing crash coming, thinks the AI hype is about to burst soon.
"The end is near. Dancing with the devil in the pale moonlight."
Something to keep an eye on 🧐
Rep. David Taylor (R) bought Chevron stock on June 15th. He's on the subcommittee that oversees pipeline safety regulators. And Chevron runs one of the biggest pipeline networks in the US—directly regulated by that same subcommittee.