AI Borrowers Tap a $3.5 Trillion Market Hiding in Plain Sight
The longer I cover the money behind AI, the more I learn about new markets opening up to data center developers or operators, chip manufacturers and others looking for money to build ambitious AI projects. That’s what makes this job so interesting. For the past several months, I’ve been wondering about a market I keep hearing referred to by the Securities Act of 1933 rule that governs it: Rule 144A. One banker called the market “a new tool in the toolkit” for data center developers.So what’s...