AT&T is folding Gigapower and Lumen’s fiber assets into a joint venture half owned by GIP and CPP Investments. The deal shows the different strategic paths AT&T, T-Mobile and Verizon are taking in the fiber race.  In sum – what to know: Last week, AT&T revealed that it would be …

Abstract Artificial intelligence is driving an infrastructure investment cycle of exceptional scale. Whether that investment earns adequate returns will depend not only on growth in AI demand, but also on market structure, utilization, contractual commitments, counterparty credit, technological change and pricing. This article examines which historical infrastructure business models provide …

Three key takeaways AI Infrastructure ROI Starts With Power, Permitting and Capital Commitments AI infrastructure developers have plenty of prospective customers. The harder question is how much capital they must commit, and for how long, before those customers begin paying for capacity. That distinction was central to a panel at …

Three key takeaways Is AI infrastructure repeating the telecom bubble? The AI infrastructure financing cycle has an uncomfortable resemblance to the telecom investment boom of the late 1990s. Chip suppliers invest in AI companies. Those companies contract for compute from hyperscalers and neoclouds. The infrastructure providers purchase GPUs, often supported …