The VIX took a nap. Credit committees did not.
🤖 Nvidia is working with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to mobilize more than $500 BILLION for AI compute infrastructure.
🏗️ The giant OpenAI Ohio data center financing is reportedly being restructured around a smaller initial guarantee and phased deployment.
💳 Stripe is reportedly paying more than $7 BILLION for OpenRouter, a company sitting between developers and hundreds of competing AI models.
🏢 Meanwhile, roughly $5.5 BILLION of private label CMBS hard maturities hits this month while the ten year Treasury sits near 4.7 percent.
Those are not four…
The skinny
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