Credit increasingly decides who can build AI infrastructure, lenders warn
AIJesus Rodriguez argues that AI companies pay for GPUs, buildings, and electricity long before revenue covers the bill, so credit bridges the gap. He says lenders are growing choosier, citing a CoreWeave bond yielding roughly 15% in mid-October and financing plans from Meta and SpaceX as live tests.
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The Sequence · Jesus Rodriguez · thesequence.substack.comPublished · added here
Original title: The Sequence Opinion - Issue #961: The AI Credit Crunch