Luckily debt will be solved by the power of AGI, right? Just one more data centre! One more GPU! It can nearly write a basic three tier application with only 10 critical security vulnerabilities all by itself!

If you read the article, it says the default is directly related to the sell off of software stocks, which are heavy private credit borrowers.

What caused the SaaS apocalypse? Gen AI.

I'm long on AI hardware companies for this reason.