Carlyle’s Thomas Says AI Financing Echoes Pre-Crisis Mortgages

Jason Thomas, head of global research and investment strategy for Carlyle Group Inc., warns that AI financing currently mirrors the mortgage models used before the financial crisis. He suggests that the rapid influx of capital into AI infrastructure risks distorting credit markets. According to Thomas, this trend in lenders' approaches to data centers could potentially lead to economic instability, drawing a troubling similarity to the systemic failures observed during previous financial crises.