Large AI Projects Present $1.8 Trillion Capital Pool for Private Credit
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The artificial intelligence boom is driving business to private credit firms, as tech companies seek funding to build data centers filled with computing chips to operate AI models.
Carlyle Group Inc. expects more than $1.8 trillion of capital will be deployed by 2030 to meet that demand, and a chunk of that can be taken up by the private markets, Chief Executive Officer Harvey Schwartz recently wrote in a shareholder letter.