BlackRock Says Hyperscalers Need Private Credit to Fund AI Boom

Companies building artificial intelligence infrastructure will increasingly seek financing from private credit, Jean Boivin , head of the BlackRock Investment Institute , said Tuesday (July 7). Speaking with Bloomberg Television, Boivin said that the world will have to “leverage up” due to the amount of investment required for AI infrastructure, and that companies will look to many sources, including private credit, for the capital they need, Bloomberg reported Tuesday.