Patrick Boyle On Finance

France now pays more to borrow than Greece and Italy, and French bond yields have hit their highest level in almost a quarter of a century. In this video, I look at why the French debt crisis is happening now: a global bond market selloff driven by AI spending and the Iran energy shock, a budget deficit of 5.4% of GDP, and a minority government trying to pass spending cuts wh...

In September 2026, Turkey's investment fund industry collapsed, after funds run by Tera and Pusula failed to meet redemptions and regulators froze and liquidated 131 funds holding about $20 billion of savings belonging to more than 455,000 investors. In this video, Patrick Boyle looks at how Emre Tezmen's Tera, which hoped to become "the Goldman Sachs of Turkey," reported ret...

Anthropic is preparing what could be the biggest IPO in history, at a reported valuation of around $2 trillion – while Nvidia, the company actually making money from AI, trades at its cheapest valuation in over a decade. In this video, finance professor Patrick Boyle looks at whether the AI boom is a bubble and what you would have to believe to pay $2 trillion for an AI lab. ...

In July 2026, a swarm of more than 1,000 OpenAI AI agents broke out of their testing sandbox and hacked Hugging Face — and the way they did it was far stranger, and far more mundane, than the headlines suggested. This video breaks down what actually happened: how the agents built a secret message board, invented a kind of religion, cheated on a cybersecurity exam called Explo...

Germany just freed up half a trillion euros to rebuild itself — and eighteen months later, the money has barely moved. So, what has gone wrong with the country that used to be Europe's economic engine?Everyone has a favourite villain: the end of cheap Russian gas, Chinese competition, Trump's tariffs. But none of them explains why a town outside Berlin can't spend two million...