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neom
9 months ago
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J.P. Morgan's OpenAI loan is strange
Interesting that they seem to misunderstand the difference between Equity Risk and Debt Risk, they also misapplied bond spreads.
Anyway, J.P. Morgan's OpenAI loan isn't strange, it's calculated exposure to Microsoft.
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Anyway, J.P. Morgan's OpenAI loan isn't strange, it's calculated exposure to Microsoft.