Brian Judge is Research Director of the Program on Finance and Democracy at the University of California, Berkeley.
As OpenAI and Anthropic head toward IPOs, they're leaning on two convenient narratives: AI will replace enough workers to justify sky-high valuations, and AI is dangerous enough to justify slowing down and restraining competitors—without ever submitting to independent scrutiny.
Brian Judge
September 16, 2026 at 7:31 AM IST
Istock.com
Since 2008, private credit has expanded into a $3.5 trillion industry, driven by private equity and operating outside the reach of traditional banking rules. As cracks begin to appear, the risks embedded in a system built on opaque valuations and rising leverage are becoming harder to ignore.
March 20, 2026 at 1:27 PM IST
iStock.com