Kai Risdahl

It does.

It does.

It does.

It does.

It does.

One big reason for that, she says, is all the spending on data center buildouts and how interconnected that spending is.

One big reason for that, she says, is all the spending on data center buildouts and how interconnected that spending is.

Amazon and Meta, Alphabet and Oracle all sold bonds last year to fund data center construction.

Amazon and Meta, Alphabet and Oracle all sold bonds last year to fund data center construction.

For Meta, it was $30 billion worth just in October, the single biggest offering in the U.S.

For Meta, it was $30 billion worth just in October, the single biggest offering in the U.S.

high-grade bond market last year.

high-grade bond market last year.

Banks are in the data center financing mix as well.

Banks are in the data center financing mix as well.

Last year, JPMorgan Chase and a Japanese bank agreed to finance $23 billion in data centers for Oracle.

Last year, JPMorgan Chase and a Japanese bank agreed to finance $23 billion in data centers for Oracle.

Domino effect, another phrase perhaps for systemic risk.

Domino effect, another phrase perhaps for systemic risk.

That's why we're having this conversation, because the bigger AI gets, the more bonds sold and data centers built by a small group of companies that are all interconnected, the bigger influence this industry is going to have on every part of this economy.