AI’s $3 Trillion Question: How to Pay the Bill?

The podcast explores the financing of AI and potential risks, focusing on the data center financing gap and assets resistant to AI disruption. Lindsay Tyler highlights a $3 trillion global data center CapEx need over four years, suggesting fixed income markets, especially private credit, will be crucial to cover the funding gap. She also notes the increasing interest in chip-backed financings. Stephen Byrd discusses asset classes resistant to deflation, such as land, infrastructure, metals, compute, luxury goods, and unique human experiences. Josh Baer addresses the pullback in software multiples due to fears around competitive, business model, and margin risks, while also pointing out the potential for software companies to capitalize on AI opportunities.