Data Center Euphoria Starts to Ebb After DeepSeek

(Bloomberg) — The market turmoil sparked by DeepSeek’s chatbot this past week has left some rethinking the credit frenzy around artificial intelligence.

Corporate giants told money managers this week that the Chinese startup’s cheaper models will only spur more demand for the technology and the sprawling infrastructure it requires. While big investors such as Blackstone Inc. President Jon Gray say that “digital infrastructure remains essential,” behind the scenes landlords and credit providers say the situation is more nuanced, and some are starting to fret.