CoreWeave’s debt is becoming the whole AI industry’s problem
What happened
CoreWeave had a bad week last week.
Its bonds slipped into distressed territory by a common definition - when investors demand 1,000 basis points more in yield than they'd get from government bonds. Last Tuesday Chamath "SPAC King" Palihapitiya noticed the distressed debt, and also asked whether the AI buildout was a private credit bubble. […]
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