
SpaceX aims to raise $40 billion in a financing led by Apollo Global Management to buy Nvidia chips, according to the Financial Times, a sign of heavy investment in artificial intelligence infrastructure.
AI-generated summary
The article reports that SpaceX is trying to raise funds to invest in artificial intelligence infrastructure, in particular by purchasing Nvidia chips, with the support of Apollo Global Management.
SpaceX aims to raise $40 billion to buy Nvidia chips in a financing led by the Apollo Global Management fund. The Financial Times writes it. "The exceptional agreement - states the economic daily - is the latest sign of the huge investments in chips and other infrastructures to support artificial intelligence".
AI outlook — possibilities, not facts
Nvidia will see an increase in orders from companies engaged in large-scale artificial intelligence projects
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The CEO of the Bank of Italy Paolo Angelini highlighted at the Credit Day that there are no shortcuts on the cost of energy, hoping for a structural response based on investments in renewables, stable networks and policies.

Economy Minister Giorgetti and Mimit evaluate the industrial measures for the maneuver: among the hypotheses the extension of the hyper-amortization of Transition 5.0 to 2029, a digitalization voucher for SMEs and the refinancing of the automotive fund.

The Eusider steel group has formalized its participation in the consortium promoted by Federacciai for the former Ilva, with the aim of contributing to an industrial solution for the plants not affected by the Taranto blockade.

Asian stock markets closed negative with Tokyo at -0.5%, Seoul at -1.8% and Sydney at -0.1%, while Shanghai advanced by 0.3%. Technology stocks fail to sustain Wall Street's rally. Brent oil rises to 101.2 dollars per barrel (+0.6%) due to attacks on tankers in the Strait of Hormuz. Ten-year Treasury yields rise to 5.31%. Waiting for the IEA data on oil stocks and the Fed minutes on interest rate policy.

In 2027 the social allowance could increase by 2.9%, going from the current 546.24 euros per month to around 562.08 euros, for an annual total of around 7,307 euros. The increase depends on the equalization that the MEF should adopt in November. The article explains requirements, income limits and application methods.

The Italian government has decided to restore mobile excise duties on fuel after interrupting the extensions to the excise duty cut in less than 24 hours, in response to the increase in pump prices due to the expiry of the previous discount and the moves of Eni, Ip, Q8, Esso and Tamoil, while the European negotiations on extra profits and budget flexibility open.