Meta pays the price for "burning cash" on AI: $12.5 billion in new debt sees sharply rising interest rates, Wall Street starts to feel "indigestion."
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The cost of financing for artificial intelligence infrastructure is rising as tech giants compete.
Meta-backed Texas data center project completed a $12.55 billion bond issuance this week, but its yield is about 50 basis points higher than similar deals last year, reaching about 7.5%. As the market'