News Summary

• Just as debt markets fueled the global financial near-meltdown that followed the 2007–08 subprime-mortgage crisis, their exposure to AI will drive developments now.
• The problem is that we possess only very limited public information about those markets, and regulators are not making that information any easier to obtain.
• AI-related ventures are largely responsible for the rapid increase of the S&P 500 stock index.
• Investment in data centers is a major contributor to the rise in US interest rates.