Silicon, Steel & Stress | Part 1: An Overview
Jan 20
1 min read
Updated: Jan 21
We have spent the past few months conducting in-depth analysis on a topic that is highly relevant to how we think about private credit, risk, and capital allocation. The global buildout of AI infrastructure is unfolding at unprecedented speed and scale. Trillions of dollars are being deployed into GPUs, data centers, and power generation—recasting AI from a software story into one of the largest infrastructure expansions in decades.
Please see the first of a two-part whitepaper series that focuses on a core question we think is underexplored: how this buildout is being financed, and whether those capital structures are ultimately sustainable.
