Danny Lewis

Coming up, the AI industry has begun to look frothy to some investors, and the Wall Street firms behind private credit are under new pressures.

We'll dig into those.

After the break.

You may have heard the phrase private credit more often lately.

It's an area of the financial system where firms raise money from investors in order to make loans to companies that have historically had a hard time getting bank loans.

But while the sector has been growing rapidly in recent years, the Wall Street Journal's lead financial reporter, Ana Maria Andriotis, says investors are getting spooked by rising deferrals and delinquencies.

Ana Maria, why is this happening?

And can you give us a sense of just how big private credit is?

And you've recently reported that Blue Owl Capital has said investors sought to pull $5.4 billion from two of its funds in the first quarter.

So what happens to the companies that are using private credit if this funding stream dries up?

That's the Journal's lead financial reporter, Anna Maria Andriotis.

And that brings us to the third sector that could make or break the U.S.

economy, artificial intelligence.

Since the AI boom began several years ago, big tech has become crucial to the economy and the stock market.

And it's betting big on AI.

But a lot of this is financed through debt.

Angel Au-Young is our finance and tech reporter.

Angel, I guess the big question is, will these bets pay off?

So to kind of put a pin in it, it's less about the concerns about whether or not this technology could do the things that these companies like OpenAI and Anthropic are promising it can and more just about like can they provide it fast enough?

That's finance and technology reporter Angel Au-Young.