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President Donald Trump’s nomination of Kevin Warsh to be the next chair of the Federal Reserve unleashed chaotic market action on Friday — and it also may have poured more fuel on the artificial-intelligence trade.
The decision flashed a green light to Silicon Valley indicating favorable financial conditions for equity capital raises. That’s especially relevant for OpenAI and Anthropic, which are
reportedly preparing for high-profile public-market debuts later this year. Elon Musk’s xAI is also reportedly in talks to merge with SpaceX or Tesla TSLA ahead of a planned initial public offering later this year
