Militarised AI, Private Credit, and Iran War (opens in new tab)

By Farwa Sial and C.P. Chandrasekhar Private credit markets are showing real signs of stress, with multiple major funds restricting withdrawals as investors struggle to exit illiquid holdings. The fears of investors in these funds, which explain the withdrawals, is driven by the success of AI, which, while driven by enormous capital spending financed in part […]