The Verge AI1h agoenergy 124
CoreWeave’s debt is becoming the whole AI industry’s problem
image: The Verge AI
CoreWeave had a bad week last week. Its bonds slipped into distressed territory by a common definition - when investors demand 1,000 basis points more in yield than they'd get from government bonds. Last Tuesady Chamath "SPAC King" Palihapitiya noticed the distressed debt, and also asked whether the AI buildout was a private credit bubble. [...]
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