20260907 - AI data centre finance: building a bigger and bigger bomb

when half of economic "growth" is fake

https://pivot-to-ai.com/2026/09/07/ai-data-centre-finance-building-a-bigger-and-bigger-bomb/ - blog post

Patreon: https://www.patreon.com/davidgerard Ko-Fi: https://ko-fi.com/A1529D5 Buy us nice useful things (if not in the UK, set your own delivery postcode to SW1A 0AA): https://www.amazon.co.uk/hz/wishlist/ls/3Q8VZW46J6DM6 Get an extremely cool Pivot to AI shirt or mug: https://pivot-to-ai.redbubble.com Send in your story tips and non-slop sponsorship offers: dgerard@gmail.com

Social media:

https://circumstances.run/@davidgerard https://bsky.app/profile/davidgerard.circumstances.run.ap.brid.gy  Logitech MX Brio Ultra HD 4K Collaboration and Streaming Webcam (Graphite) https://amzlinks.in/B08KWILxJ (UK) https://amzn.to/4iQCZP4 (US)

Sources:

From resilience to robustness? https://www.bis.org/publications/aer-2026-0 The multiplying risks of financing data centres https://www.ft.com/content/9cb63980-cd43-419d-a7e5-42039b9fd01e Are credit rating agencies getting fed up with hyperscalers? https://www.ft.com/content/623c286b-c973-4488-83f3-97e9016e85f6 Previously on Pivot to AI:

OpenAI does deals to make a deal — and the money is getting worried https://pivot-to-ai.com/2025/10/10/openai-does-deals-to-make-a-deal-and-the-money-is-getting-worried/ video: https://www.youtube.com/watch?v=YLvT2k9qmA0&list=UU9rJrMVgcXTfa8xuMnbhAEA Banks turn data centre loans into 2008-style financial time bombs https://pivot-to-ai.com/2026/05/11/banks-turn-data-centre-loans-into-2008-style-financial-time-bombs/ video: https://www.youtube.com/watch?v=LuBlliJ8QMU&list=UU9rJrMVgcXTfa8xuMnbhAEA Data centres get too hot for Texas politicians https://pivot-to-ai.com/2026/08/18/data-centres-get-too-hot-for-texas-politicians/ video: https://www.youtube.com/watch?v=KfAJWeIoucM&list=UU9rJrMVgcXTfa8xuMnbhAEA Everybody hates the AI, more and more https://pivot-to-ai.com/2026/08/25/everybody-hates-the-ai-more-and-more/ video: https://www.youtube.com/watch?v=ABcEse_MEtk&list=UU9rJrMVgcXTfa8xuMnbhAEA Full Pivot to AI playlist: https://www.youtube.com/playlist?list=UU9rJrMVgcXTfa8xuMnbhAEA