Lana

Initial public offerings would give them more cash to splash on infrastructure and modeling.

Whether OpenAI and Anthropic launch at their current sky-high valuations will depend on the market mood and whether their growth is strong enough to justify the requisite, eye-watering spending on computing and data centers.

Alphabet, Meta, and Microsoft are the other big players in the AI race, using their profitable cloud and advertising businesses to bankroll massive investments in data centers, chips, and networking gear.

But the cracks are starting to show.

Spending is spiraling and some giants are borrowing more and more to fill in the gaps.

That's got investors feeling skittish and selling shares.

That's it for today.

I'm Lana.

I'll see you next week.

Hey, I'm Lana with your daily brief for Thursday, March 5th.

Coming up, South Korea's main stock index suffered its worst blow on record.

And business surveys showed the global economy headed in the right direction.

But not every country is pulling its weight.

We'll also check in with Carl to get his answers to your burning questions.

More on the way, but first, a word from Guy at Finimize HQ.

South Korea's main stock market index stopped, swayed, and fell by double digits on Tuesday, a gut punch to one of the year's strongest investing stories.

Escalating conflict in the Middle East has been forcing investors to rethink their priorities.

Instead of chasing returns, they've entered self-preservation mode, looking to limit their exposure and protect what they have.

Asian stocks have borne the biggest brunt.

Taiwan's main index fell more than 4% on Wednesday, Japan's dipped 3%, and South Korea's slumped a full 12%, its worst day on record.