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Investors seek more protection against AI company defaults

By ChordNews · First written

The cost of insuring against AI company defaults spikes
Image: semafor.com
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Summary

The cost of insuring against defaults by AI companies has spiked, with investors buying credit default swaps to protect against highly indebted hyperscalers including CoreWeave and Oracle, Semafor reports. CNBC reports that signs of distress deepened at CoreWeave on Thursday as investors soured on AI debt.

Timeline

  1. CNBC

    Source ↗

    CNBC reports that signs of distress deepened at CoreWeave on Thursday as investors soured on AI debt.

  2. Semafor

    Source ↗

    Semafor reports that investors are buying credit default swaps to protect against defaults by highly indebted hyperscalers, including CoreWeave and Oracle.

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