Financing The AI Boom: Masters in Business with Bob Michele
THE SO WHAT
Fixed income desks are now underwriting the AI buildout—data centers, chips, and power—through credit, not just equity. If you’re planning large AI capex, expect lenders to scrutinize utilization, power contracts, and regulatory risk as tightly as any tech metric.
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MORE FROM THE WIRE
Tech & InnovationIntel CEO Lip-Bu Tan says the Trump administration does not have "any policy" to use a minority stake in Intel to interfere in its business strategy
If Washington treats its Intel stake as passive capital rather than an industrial policy lever, operators should assume continuity of current roadmaps rather than top-down strategic redirection. The real constraint for chip buyers and builders remains capacity and geopolitics around fabs, not day-to-day White House meddling.
Tech & InnovationWall Street Week | America’s Relationship Woes, Battery Pivot, Farmers’ Fed Warning
Boardroom conversations are shifting from abstract geopolitics to concrete rewiring of supply chains, energy mix, and rate sensitivity. Operators should treat “macro” as an input to siting, sourcing, and capex timing decisions, not just investor relations talking points.
Tech & InnovationJP Morgan Strategist on AI Jitters, Investing Outlook
If earnings are still growing ~27–28% while multiples compress on AI and rate fears, public markets are starting to price volatility, not collapse. Operators should assume capital stays available but more selective—plan for higher scrutiny on AI ROI and cash burn, not a shut window.
Tech & InnovationSources: Apple has hired Scott Tucker, Meta VP and deputy general counsel, as its new litigation chief, as part of a shakeup in its legal team
Apple pulling a senior deputy GC from Meta into a newly elevated litigation role is another data point that platform risk is now legal risk at scale. If your product depends on app stores, tracking, or AI data flows, assume more aggressive enforcement and slower, lawyer-heavy partnership cycles.