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14.02.26 - 00:36
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UBS′ Mish on Private Credit AI Disruption Risk (Bloomberg)
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Matthew Mish, Head of Public and Private Credit Strategy at UBS, discusses the evolving impact of AI disruption on credit markets. He tells Katie Greifeld and Bailey Lipschultz on "The Close" that markets are beginning to price in increased risk, particularly in the technology sector and leveraged loan space. (Source: Bloomberg)...
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13.02.26 - 23:30
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Hollywood shaken by Brad Pitt-Tom Cruise fight video made with Chinese AI: ′over for us′ (SCMP)
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A viral AI-generated video of Brad Pitt and Tom Cruise fighting atop a building is causing a stir online.
The 15-second video comes from the latest AI video-generation platform, Seedance 2.0. The platform was launched this week by its owner, ByteDance, the same Chinese parent that oversees TikTok.
As the video circulates online, the Motion Picture Association and other industry stakeholders have called out the video for its unauthorised use of copyrighted works.
MPA's CEO, Charles Rivkin, wrote......
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13.02.26 - 23:06
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MAIA: Credit Spreads Widen Amid AI Concerns and Tech Bond Discounts (Bloomberg)
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The segment discusses the recent modest widening of credit spreads, driven by both AI-related market fears and a surge in debt issuance. While the overall index shows little change, there is significant dispersion, particularly in leveraged loans and among certain software, insurance, and asset management firms experiencing notable price declines. For the first time since the financial crisis, tech bonds are trading at a discount, attributed to both increased supply and some weakening demand. The guest anticipates continued pressure on corporate spreads throughout the year, noting a structural rise in supply and some balance sheet weakening, though not to a level that threatens company stability.
Original filename: 20260213_215152_Credit_Spreads_Widen_Amid_AI_Concerns_and_Tech_Bond_Discount.mp4 (Source: Bloomberg)...
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13.02.26 - 20:15
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Two Philadelphia Men Admit To AI-Assisted $3.5M Housing Aid Scam In Minnesota (ZeroHedge)
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Two Philadelphia Men Admit To AI-Assisted $3.5M Housing Aid Scam In Minnesota
This will be the first of many AI scams of its kind, we predict...
Two men from Pennsylvania admitted to repeatedly flying from Philadelphia to Minneapolis to exploit Minnesota's Housing Stabilization Services (HSS) program, stealing about $3.5 million, according to prosecutors. Authorities say they used artificial intelligence to forge records and falsely bill for services, according to Fox News.
Anthony Waddell Jefferson, 37, and Lester Brown, 53, registered businesses as HSS providers, claiming they offered housing support and transition services. In reality, officials say much of the work never happened.
Launched in 2020, HSS helps people with disabilities, seniors, and those struggling with mental health or addiction secure housing. The Justice Department has noted the program had “low barriers to entry and minimal records requirements.”
Attorney General Pam Bondi said, “Criminal fraud not only robs taxpa...
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