Capital and Markets

The AI Capital Markets Model is a research and data product analyzing who funds the buildout of AI infrastructure and at what cost. It quantifies capital needs, funding forms, and where financial exposure sits across various arrangements like debt, guarantees, and off-balance-sheet deals. The model provides reference indices for lenders and investors to underwrite and manage risk. These benchmarks include GPU rental prices, the cost and terms of AI project funding, and token price performance.