Hello,

AI’s biggest constraint is no longer just chips or power. It’s financing.

As Wall Street hunts for more creative ways to fund the buildout and Google borrows from its playbook to expand chip sales, the money behind AI is becoming as important as the technology itself.

Last week, we hosted an exclusive subscriber-only conversation with three of the people shaping how these increasingly complex deals get done. They discussed the financial engineering behind the AI infrastructure boom—and whether it can keep pace as spending continues to climb.

In this conversation, The Information’s Dakin Campbell sat down with John Greenwood of Goldman Sachs, Matthew A’Hearn of Blue Owl and Steven Messina of Skadden to break down:

• How banks, private credit firms and law firms are structuring AI infrastructure deals
• Why SPVs, leases and asset-backed financing are becoming more important
• How regulators, rating agencies and investors are assessing these transactions
• Whether financial engineering can keep pace with the AI buildout
• Why public markets may play a larger role in funding the industry
• What could happen if demand for AI computing fails to meet today’s expectations

Subscribe $399 $299 and save 25% on the first year to watch the full conversation now.