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Data center developers and neoclouds raised $37 billion in U.S. junk bonds this year. As yields hit double digits, debt tied to riskier AI firms is tumbling.
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Summary by ByteBrief

NeoGrowth Raises 85 Cr for Digital Lending

Sources: AI neocloud Lambda is raising up to $4B led by Blackstone and Coatue at a pre-money valuation of $14.5B in a final round before its planned IPO (Robbie Whelan/Wall Street Journal)

CoreWeave Debt Sparks AI Boom Worries