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Billions are pouring into AI infrastructure, but the financing behind the boom is becoming increasingly complex. The Information's deeply sourced reporting reveals who's funding the expansion, where the risks are building, and what it means for the future of AI. Subscribe now and save 25% on your first year to stay ahead.

AI’s debt test

CoreWeave, the cloud company that borrowed its way to the center of the AI boom, carries about $35 billion in debt, and its stock has been sliding. Our exclusive goes inside the Blackstone loan that started it all, and why CoreWeave has become a bellwether for the entire AI build-out.

The builders behind the boom

Nscale is heading to an IPO with $103 billion in contract commitments. What sits behind that number is why its IPO pitch is facing questions. Meanwhile, Anthropic is pushing partners, including former bitcoin miners, to switch on capacity sooner.

Lenders and chipmakers step in

Lenders are getting pickier, even on a data center built for Meta, and some of the biggest banks in the business are taking a harder look. Nvidia, meanwhile, is stepping in to back its customers, and a 35-year-old executive named Nico Caprez, who is also Jensen Huang’s son-in-law, is behind many of those deals.

This isn’t speculation. It’s primary-source reporting on who is paying for AI, and who is getting nervous. Before it’s everywhere, it’s in The Information. Subscribe for $299 and save 25% on your first year and be the first to know.