The $800B–$1T AI capex wave is a beautiful choreography of chips, power, credit, and capital.
Hyperscalers bring the credit quality, outside investors bring the capital, and frontier AI firms get access to far more compute than they could finance on their own.
From Columbia Business School report "Financing the AI Buildout" ans that.
How much revenue each unit of deployed compute would need to generate for 182.7 GW of additional U.S. data-center capacity between 2025 and 2032 This Columbia B...