AI Firms OpenAI and Anthropic Face Credit Rating Concerns

The development of infrastructure for artificial intelligence is expected to require investments of several billion dollars over the next few years.

Companies developing AI today are taking a similar risk to those that built railways before passengers started traveling, or telecommunications companies that laid optical cables before demand arose.

The cost and availability of capital are extremely important, as credit ratings not only determine how much a borrower will pay for financing but also who can buy their bonds and other debt securities.