Oracle issued a force majeure notice on Blue Owl's Jupiter campus, whose reported $18bn of bank loans already trade below 90 cents on the dollar. Lenders who priced Oracle's credit now also have to price who pays when the power arrives late.
Perspective Coverage
12 publishers
- Builder
- Builder 4%
- Operator
- Operator 22%
- Investor
- Investor 74%
Reality
- Evidence60
- Adoption20
- Hype gap+25
- Incentives65
- Confidence55
Nvidia is putting $1 billion into Nscale's $3.36 billion pre-IPO round, funding a customer still building most of its capacity. Buyers signing multi-year capacity deals should check how that build-out is paid for before they check the price.
Perspective Coverage
4 publishers
- Builder
- Builder 19%
- Operator
- Operator 35%
- Investor
- Investor 46%
Reality
- Evidence66
- Adoption22
- Hype gap+38
- Incentives72
- Confidence60
A Dallas Fed note centres this year's AI-related investment-grade issuance on $300 billion, worth as much as $360 billion in ten-year equivalents, plus a swaps channel it can only size from market anecdote.
Publishers:dallasfed.org
Reality
- Evidence52
- Adoption42
- Hype gap+12
- Incentives28
- Confidence55
Kim Sung-hwan told Korean reporters in Manhattan that data centres were the question overseas investors raised most often, and he came back from London and New York with agreements from Fidelity International, PIMCO and Carlyle.
Reality
- Evidence34
- Adoption31
- Hype gap+29
- Incentives79
- Confidence46
BlackRock funds hold 80% of the Meta joint venture and a $12.5 billion debt package sits under it, but the project is proceeding with insurance that does not cover every risk category.
Reality
- Evidence32
- Adoption46
- Hype gap+28
- Incentives58
- Confidence34