Credit Fuels the AI Boom - and Fears of a Bubble | NYGazet

JPMorgan Chase & Co. and Mitsubishi UFJ Financial Group are leading the sale of a more than $22 billion loan to support Vantage Data Centers’ plan to build a massive data-center campus, people with knowledge of the matter said this week. Meta Platforms Inc., the parent of Facebook, is getting $29 billion from Pacific Investment Management Co. and Blue Owl Capital Inc. for a massive data center in rural Louisiana, Bloomberg reported this month.

Sam Altman Credit investors are pouring billions of dollars into artificial intelligence investments, just as industry executives and analysts are raising questions about whether the new technology is inflating another bubble. Most Read from Bloomber... [2278 chars]