Tens of billions in AI debt is secured by GPU clusters. But the part that makes a cluster worth the loan is the team running it, and that is the one asset no lender can seize.
A hacker wiped Romania's entire land registry and its connected backups. What survived, and why, decides whether you can safely let software write to your records.
Hyperscalers finance AI chips over six years but the hardware is obsolete in two or three. That gap quietly sets the compute price every AI product is planning around.
The AI infrastructure boom is partly lending to itself. That changes the cost curve you're planning around, and most companies building on it haven't noticed.
South Africa delayed Starlink for years to protect an ownership principle. Ontario built a rural internet plan on Starlink, then had to cancel it. Both got the sequence backwards.
Cloudflare's new Monetization Gateway lets sites charge AI agents per request. The mechanism might finally solve micropayments, but the same old question follows: who ends up owning the meter.
