UK Chancellor John Healey has dropped his strongest hint yet of higher taxes on banks, and Anthropic secured a credit rating one notch below investment grade earlier this year. Plus, investors are losing confidence that revenues from the AI boom will be sufficient to support the vast debt piles financing data centres.

Mentioned in this podcast:

Healey signals Budget bank tax raid

Anthropic secured highest junk credit rating in June

Anthropic tells investors quarterly revenue up nearly 50% to $16.8bn ahead of IPO

Investors dump data centre bonds as AI borrowers face ‘Darwin moment’

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Investors fret over AI debt

FT News Briefing

Investors fret over AI debt