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Banks are now trying to offload the AI data center debt they just underwrote
(startupfortune.com)
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this post was submitted on 14 Oct 2026
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This is where my spider senses go off. Are we assuming that these IOUs defaulting are independent events? Even though they're from 10 crack heads talking about stealing the same generator?
Yes, probability gets much messier with correlated events, and most models assume independence. You can vary intensity/hazard in counting processes, but really there's not much you can do at a certain point.
Yeh and they all hang out with each other and bribe the same ~~police~~ senators and bulk buy their ~~crack~~ dreams from the same ~~dealer~~ 3 AI companies