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...“I would always be cautious about any company that does not have its dividend covered,” said Nate Koppikar, a partner at hedge fund Orso Partners, which has bet against Blackstone shares....
...such as Y Combinator that place many smaller bets....
...To build out the enterprise business, Altman said he hired executives such as Brad Lightcap, who previously worked at Dropbox and start-up accelerator Y Combinator, as his chief operating officer....
...Blackstone, Stonepeak and I Squared Capital have also flagged their rising interest in the space as governments’ ability to fund infrastructure has come under pressure....
...“For a lot of LPs [limited partners] that are overallocated to private equity or having liquidity issues, getting cash at hand through secondary sales is a sure thing,” said an executive at a public fund...
...“I haven’t seen a multi-strat in Ucits format do well. Performance has not been good,” said Patrick Ghali, managing partner at Sussex Partners, which advises clients on fund investments....
...“I think that AGI is already here,” Blaise Agüera y Arcas, a top Google AI researcher, told me last week....
...Jessica Livingston, co-founder of Y Combinator, posted to X: “The reason I was a founding donor to OpenAI in 2015 was not because I was interested in AI, but because I believed in Sam.”...
...Governments are often reluctant to transfer decision-making powers to less-resourced authorities (even though experience tells us that, following “growing pains”, more decentralised systems...
...Globally, just 11 per cent of climate-specific multilateral finance goes to cities, and only 5 per cent of adaptation-specific funding....
...Founded in 2005, Y Combinator’s alumni businesses include holiday home booking company Airbnb and payment processing platform Stripe....
...As Paul Graham, the co-founder of Y Combinator, once said: “Sam is extremely good at becoming powerful.”...
...I don’t know why shareholders would take that risk,” he added....
...This responsibility should sit with the charity trustees who should be allowed more credit for, on the whole, taking their responsibilities very seriously in these straitened times....
...Wealthy individual investors also poured more than $8bn into Blackstone’s funds, including $2.7bn for a recently launched private equity fund targeting so-called retail investors....
...KKR’s funds plan to house assets moving off the balance sheets of corporations, banks and insurers looking to simplify their operations or fund stock buybacks....
...Why do I need an all-Black cast?”...
...This is happening at the same time as the cash hoards of private equity, hedge funds and other financial services entities have risen to disturbing heights....
...The hedge fund manager getting all the attention, of course, is Nelson Peltz, the octogenarian co-founder of Trian Fund Management....
...“I don’t think that the company has crossed the finish line by any means, but there is more embedded optimism that they will be able to achieve their objectives.”...
...Altman has repeatedly stated in interviews that he holds no equity in OpenAI — excluding a small stake via Y Combinator from the time he was president....
...“I still love the company....
...After leaving Goldman Sachs, he worked at hedge funds the Children’s Investment Fund and Theleme Partners....
...Altman has said he does not hold a direct stake in OpenAI and only an “immaterial” position through the start-up accelerator Y Combinator....
...“I assume Tianqi’s hope when it stepped into SQM was to one day run the lithium business by buying control,” said Daniel Jimenez, founder of lithium consultancy iLiMarkets who previously worked at SQM for...
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