Magic still doesn't happen written by Amy Castor and David Gerard https://pivot-to-ai.com/2026/11/06/tech-stocks-crash-and-so-do-data-centre-loans/ - blog post Patreon: https://www.patreon.com/davidgerard Ko-Fi: https://ko-fi.com/A1529D5 Buy us nice useful things (if not in the UK, set your own delivery postcode to SW1A 0AA): https://www.amazon.co.uk/hz/wishlist/ls/3Q8VZW46J6DM6 Get an extremely cool Pivot to AI shirt or mug: https://pivot-to-ai.redbubble.com Send in your story tips and non-slop sponsorship offers: dgerard@gmail.com Social media: https://circumstances.run/@davidgerard https://bsky.app/profile/davidgerard.circumstances.run.ap.brid.gy Sources: S&P 500 Sinks 4% as AI Washout Rattles Wall Street: Markets Wrap https://www.bloomberg.com/news/articles/2026-11-04/stock-market-today-dow-s-p-live-updates US midterms 2026 reaction as it happened: Global stocks tumble as Democratic midterm sweep sparks AI rout https://www.ft.com/content/7c6ceb4f-d7b1-49ec-9047-0e2e4cd2615c Wall Street sheds $3.2tn as Democratic midterm sweep triggers brutal AI rout https://www.ft.com/content/3d079b3d-580d-400b-bf9c-56af6a08f60f Crypto and AI's $250 million election goes sideways https://www.citationneeded.news/2026-election-results/ The AI 'credit card' is getting costlier as CoreWeave bond yield tops 16% https://www.cnbc.com/2026/11/06/coreweave-bond-yield-tops-16percent-as-ai-credit-stress-rises.html Goldman, Apollo in Talks to Sell SpaceX's $40 Billion AI Deal https://www.bloomberg.com/news/articles/2026-11-04/goldman-apollo-in-talks-to-sell-spacex-s-40-billion-ai-deal ING Said to Be Seller of $500 Million Data Center Loans https://www.bloomberg.com/news/articles/2026-11-05/mystery-seller-puts-up-500-million-data-center-loans-backing-stargate-cyrusone Bank of England Questions Lenders About Risky Data Center Loans https://www.bloomberg.com/news/articles/2026-11-05/bank-of-england-questions-lenders-about-risky-data-center-loans ECB Considers Review of Bank Data Center Lending on AI Risk https://www.bloomberg.com/news/articles/2026-11-06/ecb-considers-review-of-banks-data-center-lending-as-fears-rise?srnd=homepage-americas AI backlash threatens trillion-dollar data centre boom, say tech leaders https://www.ft.com/content/32fd4450-5880-437d-9bd9-df13289ada24 OpenAI, ready to IPO in 2027, now counts majority of sales from enterprises, Brockman says https://www.reuters.com/legal/transactional/openai-ready-ipo-2027-now-counts-majority-sales-enterprises-brockman-says-2026-11-05/ Major Investors Are Skeptical Anthropic IPO Can Achieve $1.5 Trillion Valuation https://www.wsj.com/finance/major-investors-are-skeptical-anthropic-ipo-can-achieve-1-5-trillion-valuation-ca965d8b AI Has Taken Over Every Corner of the Market https://www.bloomberg.com/graphics/2026-ai-bubble-financial-markets/?srnd=homepage-americas Bring out your dead https://ftav.substack.com/p/bring-out-your-dead Previously on Pivot to AI: Molly White: following the AI and crypto money in US politics https://www.youtube.com/watch?v=ikfAfRUNSCs&list=UU9rJrMVgcXTfa8xuMnbhAEA Kat Jones: How Scotland is winning against data centres https://www.youtube.com/watch?v=TDXbDrzKoWY&list=UU9rJrMVgcXTfa8xuMnbhAEA Oracle invokes 'force majeure' on OpenAI data centre contract https://pivot-to-ai.com/2026/09/25/oracle-invokes-force-majeure-on-openai-data-centre-contract/ video: https://www.youtube.com/watch?v=Mj3MYXaR4nA&list=UU9rJrMVgcXTfa8xuMnbhAEA SpaceX to send Nvidia chips 'somewhere in the universe' https://pivot-to-ai.com/2026/10/08/spacex-to-send-nvidia-chips-somewhere-in-the-universe/ video: https://www.youtube.com/watch?v=8_TlfIKgL5w&list=UU9rJrMVgcXTfa8xuMnbhAEA Full Pivot to AI playlist: https://www.youtube.com/playlist?list=UU9rJrMVgcXTfa8xuMnbhAEA Rss Apple Podcaster →
