> I should say that the big tech companies did not invent this technology to build AI data centers. This sort of thing — project finance, non-consolidated joint ventures, borrowing out of boxes — has a long history in a lot of capital-intensive industries.
Levine attributes a recent increase to private credit.
> I should say that the big tech companies did not invent this technology to build AI data centers. This sort of thing — project finance, non-consolidated joint ventures, borrowing out of boxes — has a long history in a lot of capital-intensive industries.
Levine attributes a recent increase to private credit.
https://www.bloomberg.com/opinion/newsletters/2025-10-29/put...