If the of fate of the AI boom is so fragile that a digital newsletter site's headlines are a meaningful concern to you, perhaps you have some things to ponder. The story itself names names, quotes verifiable statements and makes reasonable inferences.

And this is supposedly high grade debt we're talking about: JPMC is spending months on end shopping around a few $10's of billions, and having to discount it. Never mind the far greater sums on the books of vastly less credible outfits, complete with meme names that always age poorly when things go pear shaped.

How a bunch of highly speculative moonshot big tech stuff has managed to be financed by Tier 1 financial institutions and high grade debt, as opposed commonplace equities, is a question for the ages, and we may all yet find ourselves suffering the answers.