Is AI The Next Housing Bubble?
Artificial intelligence may transform the global economy—but is Wall Street financing the boom with dangerous amounts of leverage? Jon Sanchez goes inside the special-purpose vehicles, bankruptcy-remote subsidiaries, long-term leases and circular financial relationships behind the massive expansion of AI data centers. Using CoreWeave as a case study, Jon explains where the debt resides, what happens if a major customer stops paying, how an AI credit problem could spread and why a revolutionary technology can still produce devastating investment losses.
The skinny
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