Commentary
For lending, as in all things, necessity is the mother of invention. No matter the rate, lenders want to lend and borrowers want to borrow, with both sides tending to overdo it. The Wall Street Journal (WSJ) reports that the newest collateral thing is the artificial intelligence (AI) chip. Wall Street heavyweight Blackstone led a $7.5 billion round of financing at the end of May for CoreWeave, “a New Jersey-based startup that owns artificial-intelligence chips and associated computing gear in data centers.”
