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Lenders grow nervous about debt at AI data centre firms CoreWeave, Oracle and SoftBank

The New York Times reports that interest on CoreWeave's bonds has gone above 15%. Insuring SoftBank's debt has got more expensive, and some Oracle debt is trading at around 80 to 90 cents on the dollar. Separately, the Financial Times cites a count of 47+ large US data centre projects delayed, withdrawn or blocked this year, and an analyst estimate that only about 35% of the planned US pipeline is credible.

Hype check: Big AI building plans depend on borrowed money. These signs suggest lenders see more risk than the headlines about spending imply.
Reported by several outletsNew York Times via Techmeme