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Bloomberg’s 28 October newsletter says demand for AI-linked financing is testing the credit market’s capacity, with yields on AI infrastructure bonds and loans rising into double digits.

It also says insurers, pension funds and direct lenders are increasing their exposure to data-centre debt. That puts the AI build-out’s financing bill, and who is carrying it, in sharper focus. This is Bloomberg’s account of market strain, not proof of a wider financial crisis. Still, when borrowing costs climb while more institutions take on the debt, the infrastructure boom deserves a look beyond the chip orders.

Discuss: Should growing institutional exposure to AI data-centre debt worry investors now, or is this a manageable price of building capacity?

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