The AI infrastructure boom is funded by a complex web of investments, as tech companies pour money into one another and foreign investors funnel still more cash into the industry. That flow of foreign money is also creating global imbalances — and flashbacks to the run-up to the 2008 financial crisis.

On today’s Big Take podcast, Bloomberg’s Shawn Donnan and Bloomberg Economics’ Tom Orlik join David Gura on the AI industry’s global money machine: how it works and what risks it could pose to the global economy if the AI trade doesn’t deliver fast enough. 

Read more:
AI’s Giant Money Loop Is Drawing Foreign Cash Like 2008
National Bureau of Economic Research: Financing the AI Buildout

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns on the Bloomberg Billionaires Index.

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Host: David Gura; Guests: Shawn Donnan and Tom Orlik; Produced by David Fox, Brunella Tipismana Urbano; Edited by Tracey Samuelson; Engineering by Emma Munger.

The AI infrastructure boom is funded by a complex web of investments, as tech companies pour money into one another and foreign investors funnel still more cash into the industry. That flow of foreign money is also creating global imbalances &mdash; and flashbacks to the run-up to the 2008 financial crisis.
On today&rsquo;s Big Take podcast, Bloomberg&rsquo;s Shawn Donnan and Bloomberg Economics&rsquo; Tom Orlik join David Gura on the AI industry&rsquo;s global money machine: how it works and what risks it could pose to the global economy if the AI trade doesn&rsquo;t deliver fast enough.&nbsp;
Read more:
<ul>
<li><a href="https://www.bloomberg.com/news/features/2026-10-12/how-the-ai-boom-is-fueling-global-financial-risks?srnd=phx-bigtake">AI&rsquo;s Giant Money Loop Is Drawing Foreign Cash Like 2008</a></li>
<li>National Bureau of Economic Research:&nbsp;<a href="https://www.nber.org/papers/w35865">Financing the AI Buildout</a></li>
</ul>
View<a href="https://www.bloomberg.com/billionaires/profiles/elon-r-musk/"> profiles</a> for each of the world&rsquo;s<a href="https://www.bloomberg.com/billionaires/"> 500 richest people</a>, see the<a href="https://www.bloomberg.com/billionaires/movers/"> biggest movers</a>, and compare<a href="https://www.bloomberg.com/billionaires/compare-individuals/"> fortunes</a> or track<a href="https://www.bloomberg.com/billionaires/compare-groups/"> returns</a> on the Bloomberg Billionaires Index.
We have a special Bloomberg subscription offer for podcast listeners at&nbsp;<a href="https://www.bloomberg.com/subscriptions/podcasts">Bloomberg.com/podcastoffer.</a>
Host: David Gura; Guests: Shawn Donnan and Tom Orlik; Produced by David Fox, Brunella Tipismana Urbano; Edited by Tracey Samuelson; Engineering by Emma Munger.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

AI’s Giant Money Loop Is Feeling Very 2008

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/440d7216-9fb3-43dd-8269-b4e1014d0f71/transcript