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US Needs Trillions To Stay Ahead of China in AI Race — Blackrock CEO Points to Pensions and Retirement Savings (www.ibtimes.co.uk)
submitted 5 months ago by to c/world
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[–] 20 points 5 months ago (1 child)

Great, now they want to pump people's life savings into the bubble too.

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  • [–] 7 points 5 months ago

    It may happen sooner than you think too. There's been an updated rule that is that any “megacap” stock IPO, a stock destined for a huge market capitalization on the order of a trillion dollars, such as SpaceX, OpenAI, and Anthropic, will get added to the Nasdaq 100 after just 15 days of trading. Crucially, megacaps are exempt from standard seasoning and liquidity requirements. Nasdaq also removed the 10% float requirement; so SpaceXgets on the big list with just 5% of the company on the market. Source

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