Data Centers - The Drift

Construction workers inspect an unfinished power connection beside a monumental data center in a vivid high-desert dusk landscape.

BDC Weekly

BDC Weekly: AI Data Centers Have Money. They Still Need Power.

The capital is committed and the demand is real. Project Jupiter shows why power availability may still decide when an AI data center begins producing cash flow.

Illustrated utility engineers inspect a monumental electrical transformer as power lines feed an AI data-center campus at dusk.

AI Infrastructure

Who Finances the Power Behind AI Data Centers?

An AI data center can have land, chips and a tenant and still be an expensive shell. Electricity is becoming the asset, the bottleneck and the financing question.

Illustrated engineers and construction crews building a vast AI data-center campus, power grid and cooling infrastructure across an American landscape.

BDC Weekly

BDC Weekly: America Is Building AI. Private Credit Is Writing the Checks.

The AI boom is leaving the screen and entering the physical world. Private credit is helping finance the concrete, power and compute. Here is where BDC investors fit.