Finance
Financial assets will continue on their road higher: Mark Matthews
If you must park your capital or your cash in simply two asset courses; one lengthy and one brief for the remainder of the yr over the following 12 months, the place will you go brief and the place will you go alongside?
I can’t consider many locations the place I see costs actually deserving to go down quite a bit as a result of those that had been extraordinarily overvalued say, a yr in the past, they’ve deflated fairly considerably. I feel we aren’t recommending one thing like a cryptocurrency or I have no idea what however anyway, no, I don’t see something to be very brief towards proper now. And broadly talking, I feel monetary belongings will proceed their street larger, particularly on condition that rates of interest have peaked in the US.I can perceive why gold goes larger however what I can’t perceive and I actually need to perceive and please assist me perceive, is why Bitcoin goes up?
I don’t perceive both however I’d simply say that the Bitcoin tends to be seen as a different foreign money, isn’t it, and so when you really feel the greenback goes to proceed to go down then you must suppose that Bitcoin is the inverse of that. I do probably not know what else to say other than that, it’s thought of a bit like a digital gold, if you’ll. So folks purchase it once they suppose the greenback goes to go down.
Warren Buffett on the Berkshire AGM did point out that US greenback is unlikely to lose its standing of a reserve foreign money as a result of there are not any options. If that’s the underlying thought that the US greenback is unlikely to lose its standing as a reverse foreign money, what implications do you suppose it can have on the greenback index after which on rising market currencies?
Effectively, the greenback has been the world’s reserve foreign money for a lot of a long time and but throughout these a long time it’s not been a a method road. It’s gone up and down like a yo-yo so I don’t suppose the reserve foreign money standing of the greenback, by definition, determines the place it’ll go.
So there are two features of a reserve foreign money primarily; one is a retailer of worth, one is a medium of trade and as a medium of trade, one may say that it’s most likely peaked and going to go down as a result of increasingly nations are saying they’re simply going to commerce amongst themselves.
However in the end, I don’t suppose Brazilian corporations, for instance, need to hold a variety of Renminbi. What are they going to do with that cash? They most likely will find yourself placing it in {dollars} and as a retailer of worth, effectively there simply actually usually are not sufficient options, which most likely explains why gold goes up as a result of there isn’t a yield in Japanese bonds, China’s foreign money is a managed foreign money and the bond market there may be not a lot transparency, so you don’t actually know what you might be holding.
I don’t suppose anyone has an excessive amount of curiosity in proudly owning heaps and plenty of Euros after which you’ve got some smaller currencies which are fairly first rate, just like the Australian greenback or the Canadian greenback however you can not personal hundreds and a great deal of them. So anyway, I do suppose most likely as a medium of trade the {dollars} significance goes to step by step decline however I don’t suppose that will likely be an enormous consider figuring out the place the greenback goes.
An important issue is the place the People are within the rate of interest cycle versus the Europeans and there I do suppose is a purpose for the greenback to go down as a result of People usually are not going to lift any charges extra and the Europeans will most likely elevate charges by one other 75 foundation factors from right here.
Large language model developer Anthropic PBC has secured $2.5 billion in debt financing, CNBC reported today.
The loan is structured as a revolving credit facility. Standard debt financing deals require the borrower to pay back the funds in a fixed number of installments. A revolving credit facility, in contrast, has no such requirement. Additionally, the borrower can draw down funds again after repaying the loan.
Anthropic’s revolving credit facility will run for five years. It’s underwritten by Morgan Stanley, Barclay, Citibank, Goldman Sachs, JPMorgan, Royal Bank of Canada and Mitsubishi UFJ Financial Group. Several of those banks also backed a $4 billion revolving credit facility that OpenAI, Anthropic’s top rival, raised last year.
“This revolving credit facility provides Anthropic significant flexibility to support our continued exponential growth,” said Anthropic Chief Financial Officer Krishna Rao.
The company previously raised $8 billion from Amazon.com Inc. in the form of convertible notes. A convertible note is a type of loan that can be turned into shares. Amazon turned a sizable portion of Anthropic investment into shares during the first quarter, which was reportedly one of the reasons its earnings per share surpassed analyst expectations.
In conjunction with the announcement of its revolving credit facility, Anthropic disclosed today that its annualized revenue topped $2 billion in the first quarter. That represents a year-over-year increase of more than 100%. In the same time frame, the number of customers that pay at least $100,000 for Anthropic’s AI models jumped eightfold.
The company regularly launches new products to maintain its sales growth.
Earlier this month, Anthropic updated the application programming interface that customers use to integrate its LLMs into their software. The company added a tool that allows its LLMs to search the web if the information requested by a user isn’t readily available. Pricing starts at $10 per 1,000 searches.
A few weeks earlier, Anthropic debuted a new Max plan for its Claude chatbot. It’s available in two editions priced at $100 and $200 per month, respectively. They offer usage caps up to 20 times higher than the most affordable paid Claude tier.
Anthropic’s largest competitors are experiencing rapid sales growth as well.
In March, Bloomberg reported that OpenAI expects to triple its revenue to $12.7 billion by the end of 2025. More recently, a source told Reuters that Cohere Inc. has doubled its annualized recurring revenue since the start of the year. The company reportedly makes most of its revenue from providing highly regulated organizations with customized AI models that they can run on their own infrastructure.
Image: Anthropic
Your vote of support is important to us and it helps us keep the content FREE.
One click below supports our mission to provide free, deep, and relevant content.
Join our community on YouTube
Join the community that includes more than 15,000 #CubeAlumni experts, including Amazon.com CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger, and many more luminaries and experts.
THANK YOU
Release Date: May 15, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
-
Galiano Gold Inc (GAU) maintains a robust financial position with $106 million in cash and zero debt.
-
The company achieved significant exploration success at Abore, identifying a promising high-grade zone beneath the main pit.
-
A 75% increase in gold production is projected by 2026, indicating strong future growth potential.
-
The secondary crusher project is on track for completion in Q3 2025, which is expected to enhance mill throughput.
-
Operating costs are being well managed, with unit costs for mining at Abore and Assassi in line with expectations.
-
The company experienced two lost time injuries (LTIs) during the quarter, reflecting a need for improved safety measures.
-
An unscheduled two-week mill shutdown due to repairs reduced production by approximately 5,000 ounces.
-
Net earnings were negatively affected by fair value adjustments to the hedge book, resulting in a net loss of $29 million.
-
The impact of high gold prices and increased government levies could raise all-in sustaining costs (ASIC) by up to $55 per ounce.
-
Production figures for Q1 2025 were lower than expected, moving towards the lower end of guidance for the year.
Q: Can you walk us through your intermediate and longer-term expectations for drilling, especially in the south pit? A: Unidentified_5 (Exploration VP): We focused on the south pit to confirm the robustness of the high-grade zone, which exceeded our expectations. The strike length expanded from 90m to 180m. We discovered a new high-grade zone below the reserve pit, which was unexpected. We plan to test deeper targets along the ore body and explore both open pit and underground mining scenarios.
Q: What happened with the cost of the secondary crusher equipment versus expectations, and what downtime should we expect for the install? A: Unidentified_4 (CFO): The secondary crusher project remains on budget, with most equipment costs paid in installments. We expect minimal downtime for installation, as most pre-works can be done while the plant is running. The shutdown for tie-in will be brief, and we plan to conduct other maintenance simultaneously.
Q: Should we model any significant impact from the crusher installation shutdown? A: Unidentified_3 (COO): We don’t expect a significant impact from the shutdown. We have contingencies in place, and the production forecasts already account for this downtime.
Finance
Today’s podcast episode: Navigating State AG Investigations: A Playbook For Financial Services Companies
Skip to content
'Wait Wait' for May 17, 2025: With Not My Job guests GWAR, Gretchen Whitmer, Josh Gad, and more!
REI’s anniversary sale is dropping prices on Garmins and other great outdoor gear
Grandmother arrested at abortion clinic warns of expanding free speech 'buffer zones'
'Failure's not an option': Trump budget bill will be 'big' help for seniors, top House tax-writer says
Weight loss, diabetes drugs can cause mood changes: What to know about behavioral side effects
-
Austin, TX7 days agoBest Austin Salads – 15 Food Places For Good Greens!
-
Technology1 week agoNetflix is removing Black Mirror: Bandersnatch
-
World1 week agoThe Take: Can India and Pakistan avoid a fourth war over Kashmir?
-
News1 week agoReincarnated by A.I., Arizona Man Forgives His Killer at Sentencing
-
News1 week agoWho is the new Pope Leo XIV and what are his views?
-
News1 week agoEfforts Grow to Thwart mRNA Therapies as RFK Jr. Pushes Vaccine Wariness
-
Entertainment1 week agoReview: 'Forever' is a sweet ode to first love (and L.A.) based on Judy Blume's novel
-
Politics1 week agoDepartment of Justice opens criminal investigation into NY AG Letitia James