Understanding the pass-through financing model behind the AI infrastructure boom
AI Companies Are Trying to Hide a Staggering Amount of Debt
AI companies are pouring tens of billions of dollars into enormous data centers. They're being built on top of a mountain of hidden debt.
How Generative and Agentic AI Shift Concern from Technical Debt to Cognitive Debt
The term technical debt is often used to refer to the accumulation of design or implementation choices that later make the software harder and more costly to understand, modify, or extend over time...
Five US tech giants' hidden debts soar to $1.65tn on opaque AI funding
Data center leases, GPU supply contracts raise liabilities at Meta, Oracle, Nikkei study shows
Comprehension Debt - the hidden cost of AI generated code.
Comprehension debt is the hidden cost to human intelligence and memory resulting from excessive reliance on AI and automation. For engineers, it applies most to agentic engineering.
SPVs, Credit, and AI Datacenters
How a new credit bubble is building in AI data centers
The Moat or the Commons — Warman Notes
American capital financed AI on the assumption it would be the next great monopoly. Open-weight models are commoditizing the capability that monopoly was supposed to protect. The collision between the two now defines the direction of the U.S. AI industry — and the country.
The AI Buildout and the Material Trap
Why Strategic Necessity, Physical Bottlenecks, and Unsettled Economics Are Forcing Capital into a Constrained System
Spending on AI Is at Epic Levels. Will It Ever Pay Off?
Tech companies are pouring hundreds of billions into data centers, taking on heavy debt, but current revenue is relatively tiny. Critics warn of a new dot-com bubble.
Consumer Finance AI Standard
AI (artificial intelligence) is making consequential decisions about consumers’ financial lives, including who gets access to credit, which claims get paid, what financial products consumers are shown, and how users are advised to manage their accounts, among many others. It’s doing this at scale, largely out of sight, and with almost no accountability when it
AI Benefits - But at What Cost?
In 2026 we can all agree that AI and agentic development are certainly exciting topics which many see yielding great productivity gains. But as the investor-subsidized pricing of these services gives way to realistic and profitable business models, where will the real costs land?
Who Pays for the Commons?
Three and a half years after the emergence of generative AI as a new technology paradigm, there is broad agreement that AI companies have extracted enorm...
AI Data Centers: Big Tech's Impact on Electric Bills, Water, and More via @ConsumerReports
Massive data centers are gobbling up resources across the United States. The boom has just begun—and you may be paying for it.
AI is probably not a bubble
AI companies have revenue, demand, and paths to immense value
AI is probably not a bubble
AI companies have revenue, demand, and paths to immense value
Daniela Gabor on Twitter / X
news from AI bubble:OpenAI plans to borrow USD 4bn from private equity TPG/Bain Capital/ Brookfield Asset Management, at 17.5% interest, to embed OpenAI products in their 2,000+ portfolio companies. literally paying Wall Street to force its products on their firms pic.twitter.com/SUPPTsXBg6— Daniela Gabor (@DanielaGabor) May 7, 2026
