Artificial intelligence developers may face a sharp increase in lending rates, -. Bloomberg.
Next year, data center owners have to pay off $13.4 billion in debt. At the same time, AI models are still not profitable. If we assume that the loans are financed at current US bond rates, then the loan rate will increase by an average of 2.85 percentage points. This will increase debt service costs by $380 million. But these are still flowers...
The industry must pay the bulk of its debts - at least a trillion dollars - by 2030.
Most of this debt is concentrated in eight companies. The yield on the bonds of one of these companies (CoreWeave) jumped to 15% per year (the Fed rate is 3.75-4%).
Additional difficulties for companies in the artificial intelligence industry: long lines to connect to energy networks, lack of manpower. "This delays the receipt of income from rents and critically complicates the repayment of loans on time," the article states.
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