AI start-ups amass record $150bn funding cushion as bubble fears mount
Mega funding rounds create ‘fortress balance sheets’ as investors advise top groups to brace for tougher markets
Mega funding rounds create ‘fortress balance sheets’ as investors advise top groups to brace for tougher markets

Interest in AI and defence tech start-ups has boosted investor activity after a prolonged slowdown

Executives face choice between cutting returns to shareholders, raiding reserves or tapping the markets

Trading in insurance-like products that protect against tech company defaults is booming

Silicon Valley giants have transformed from asset-light cash machines to huge infrastructure investors

The high priests of Silicon Valley and Wall Street are beginning to acknowledge the excesses of Big Tech valuations

Bank of America survey shows a majority of investors think companies are spending too much on AI infrastructure