Greg Goodman calls for a reality check on the AI ​​boom

Billionaire developer Greg Goodman has warned that the hype surrounding the data center boom is masking the risks of a rise in highly indebted development deals worldwide.

Some of the world’s largest technology companies have issued billions of dollars’ worth of bonds to finance the rollout of massive data centers, and players such as Blackstone, KKR and Partners Group are active in the region.

Private equity players are rushing into the sector, lured by the potential for multi-billion dollar profits from the AI ​​revolution, despite concerns about funding gaps for the massive complexes.

“The leverage that exists in this sector around the world is extreme. I don’t think it’s going to be sustainable. I don’t think it’s going to be sustainable,” Goodman said at the company’s annual meeting on Tuesday. The Goodman boss said there were exaggerations about the impact of AI, pointing to the reality of building huge…