AI is rapidly transforming digital infrastructure, driving unparalleled demand for data center capacity and spurring new waves of investment. Yet this gold rush is challenging conventional valuation models as capital floods into both established and speculative projects. This panel digs into whether alternative financing structures can sustain current pricing trends, gauges how risk and return profiles are evolving for next-generation assets, and asks if market enthusiasm is outpacing reality, particularly for facilities designed specifically for AI workloads.

• How does the rise of AI-specific demand influence the valuation models for data center assets in the US?
• What unique risks and rewards do alternative lenders face when backing AI-ready data centers, particularly around tenant concentration, technology obsolescence, and long-term contract stability?
• What are the key risks and opportunities for investors looking at data centers supporting cloud versus AI use cases?