This is the logical conclusion to the insider information we discussed recently: OpenAI was offering Private Equity funds a guaranteed return of 17.5% to capture the Enterprise segment. Classic venture capital is no longer sufficient to pay for computing power and data centers. The shift to syndicated bank loans of this magnitude proves that the AI race has turned into a battle of macroeconomic budgets. Only those foundational models backed by unlimited debt facilities will survive.
Source: Reuters / Bloomberg
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