Latest / Felix Nikolas Prehn's Podcast
Felix Nikolas Prehn: Who Really Funds The AI Boom
We break down a $5 billion AI chip loan that major banks arranged, took fees on, and then mostly refused to hold, because the real story is risk transfer, not technology. We show how bullish AI research, quiet de-risking by trading desks, and “best efforts” loan language can point to the same machine pushing exposure toward pensions and insurers.
• banks earning upfront fees while offloading loan risk to institutional buyers
• why “best efforts” changes who holds the bag when demand dries up
• how price targets and bullish research keep the transaction machine running
• a direct contrast…
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