Magic still doesn’t happen  written by Amy Castor and David Gerard  Patreon: Ko-Fi: Buy us nice useful things (if not in the UK, set your own delivery postcode to SW1A 0AA): Get an extremely cool Pivot to AI shirt or mug: Send in your story tips and non-slop sponsorship offers:  Social media: Sources: S&P 500 Sinks 4% as AI Washout Rattles Wall Street: Markets Wrap US midterms 2026 reaction as it happened: Global stocks tumble as Democratic midterm sweep sparks AI rout  Wall Street sheds $3.2tn as Democratic midterm sweep triggers brutal AI rout  Crypto and AI’s $250 million election goes sideways  The AI ‘credit card’ is getting costlier as CoreWeave bond yield tops 16%  Goldman, Apollo in Talks to Sell SpaceX’s $40 Billion AI Deal  ING Said to Be Seller of $500 Million Data Center Loans  Bank of England Questions Lenders About Risky Data Center Loans  ECB Considers Review of Bank Data Center Lending on AI Risk  AI backlash threatens trillion-dollar data centre boom, say tech leaders  OpenAI, ready to IPO in 2027, now counts majority of sales from enterprises, Brockman says  Major Investors Are Skeptical Anthropic IPO Can Achieve $1.5 Trillion Valuation  AI Has Taken Over Every Corner of the Market  Bring out your dead  Previously on Pivot to AI: Molly White: following the AI and crypto money in US politics  Kat Jones: How Scotland is winning against data centres  Oracle invokes ‘force majeure’ on OpenAI data centre contract  video:  SpaceX to send Nvidia chips ‘somewhere in the universe’  video:  Full Pivot to AI playlist: