Sixth Street CEO Alan Waxman Warns of Rampant Speculation in AI Boom

Cointime reports: Sixth Street Partners CEO Alan Waxman said the firm is largely staying on the sidelines as it sees growing signs of turbulence in the AI boom. He cited unprecedented AI capital spending and said no one truly understands the unit economics, making it hard to assess in credit. Sixth Street is concerned about rapid credit expansion in AI and “speculative frenzy, animal spirits or fear of missing out,” and is beginning to see signs of turbulence such as banks seeking to sell construction loans.