Yesterday on “ReVizia” on Nova News I discussed capital spending on artificial intelligence and the way it is being financed.
Big Tech is planning hundreds of billions of dollars in infrastructure. Part of that debt and of the long-term commitments still sits off the main balance sheets - in leases, special purpose vehicles and private credit. High bond yields make this financing more expensive and more selective, but they do not stop it altogether.
In the recording we look at both the financial and the technological side of the process: who pays, who carries the risk and what happens when returns do not arrive as quickly as expected.
The full recording of the show: https://www.youtube.com/watch?v=CPOcoRBb5xM
The topic continues in the 12 October analysis of off-balance-sheet commitments and in the market review for the week of 19-23 October.
