"The AI ​​battle is becoming a battle for funding, after AI-related debt in the US surged more than 17-fold, as big tech companies accelerated fundraising to support investments in data centers, chips, and energy. The cost of funding will become a new test of the AI ​​boom."

Investment in artificial intelligence (AI) is entering a critical juncture. The competition has shifted from being able to develop the best models to being able to afford the capital to build data centers, purchase chips, and power this massive infrastructure. As capital expenditures increase faster than the cash flow companies previously used to support growth, major tech companies are increasingly turning to capital and credit markets. This is causing questions about AI to shift from the technology's potential to its cost and ability to be financed.

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