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Even before the US midterms, the AI trade was weakening. Just look at all the headlines from October in the hedge fund world — it was one of the bloodiest periods the industry has faced in recent memory. Now, after the blue wave, things continue to look uncertain. So what’s going to happen with the AI buildout now? And what about the big Anthropic IPO? Today’s episode is a two-parter, one that examines both the hedge fund carnage of the last few weeks and the broader macro conditions we find our
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