For Goldman’s Top Bankers, It’s All AI Data Centers All the Time

For leveraged finance practitioners, artificial intelligence is the only game in town — especially in the absence of more debt deals to finance mergers and acquisitions.

The trillions of dollars needed to fund the technology’s data centers and power infrastructure dominated discussions last week at Goldman Sachs Group Inc.’s 11th annual leveraged finance and credit conference in Dana Point, California.

More than 400 investment executives and 85 borrowers including American Airlines Group Inc. and Caesars Entertainment Inc., as well as AI adjacent companies like Applied Digital Corp. and Cipher Digital Inc. descended on the Waldorf Astoria’s Monarch Beach ...