Kedrosky: Financiers evaluate AI data centers like multi-tenant apartment buildings
Paul Kedrosky · Why The AI Bubble Will Burst: The Most Logical Case — With Paul Kedrosky · Aug 12, 2026 · at 6:53
Investor Paul Kedrosky discusses with Alex Kantrowitz how project finance investors benchmark return requirements for massive AI infrastructure buildouts.
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“The way that I try to analogize this loosely, and this is very loose, is that data centers from the context of many capital providers are real estate. They're really just multi-tenant apartment buildings. It just so happens there's no humans in the apartment building. There's just GPUs.”
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