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Artificial intelligence production requires a steady stream of fresh debt infusions to maintain its pace, according to Danielle DiMartino Booth.
Booth also observes that, heading into the typically quiet issuance months during the holidays, there has not been a hyperscaler coming to market in September or October.
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Earlier this year, Danielle DiMartino Booth called for improved transparency in free cash flow statements following changes at Nvidia, stating that existing disclosures were only a start (full story). She has also examined whether wage inflation and paycheck size should play a larger role in monetary policy as wage levels revert to those seen before the pandemic (more details). These topics have formed part of her broader commentary on financial markets.