Financing of Historic AI Buildout Raises Systemic Risks in US
A Brookings paper by Columbia’s Stijn Van Nieuwerburgh estimates the AI buildout will cost $10.3 trillion from 2025 to 2032, more relative to GDP than the railroads or highways, and warns that leases, SPVs and private credit are hiding the risk. We explain the numbers, Meta’s Hyperion template, the $3.7 trillion revenue question and what businesses should do.
