{"@context":"https://neupai.io/schema/v0.2","@type":"StructuredNewsArticle","identity":{"article_id":"tech42_20260809_ai-circular-financing-wall-street-exit","canonical_url":"https://www.tech42.co.kr/%ec%8b%a0%ec%9a%a9%ec%9d%80-%eb%b9%8c%eb%a0%a4%ec%a3%bc%ea%b3%a0-%ec%a7%80%eb%b6%84%ec%9d%80-%ec%b1%99%ea%b8%b0%ea%b3%a0ai-%ec%88%9c%ed%99%98%ea%b8%88%ec%9c%b5-%ec%9b%94%ea%b0%80%eb%8a%94/?utm_source=rss&utm_medium=rss&utm_campaign=%25ec%258b%25a0%25ec%259a%25a9%25ec%259d%2580-%25eb%25b9%258c%25eb%25a0%25a4%25ec%25a3%25bc%25ea%25b3%25a0-%25ec%25a7%2580%25eb%25b6%2584%25ec%259d%2580-%25ec%25b1%2599%25ea%25b8%25b0%25ea%25b3%25a0ai-%25ec%2588%259c%25ed%2599%2598%25ea%25b8%2588%25ec%259c%25b5-%25ec%259b%2594%25ea%25b0%2580%25eb%258a%2594","ai_url":null,"publisher":{"name":"테크42","domain":"www.tech42.co.kr","type":"online"},"author":"정재엽 기자","published_at":"2026-08-09T22:49:12.000Z","updated_at":null,"language":"en","article_type":"analysis","originality":"self_produced"},"content":{"headline":"Lending Credit, Grabbing Equity...Is Wall Street Backing Away from AI Circular Financing?","summary":"A 'AI circular financing' structure is spreading among Big Tech companies, with Google providing credit guarantees for Anthropic's $15 billion data center construction loan and securing a 20% equity stake. Meanwhile, Wall Street banks are selling off such loans to the bond market or pulling back as a risk-aversion measure, and the Bank for International Settlements (BIS) has also warned of the financial risks in this structure.","topics":["AI","finance","data center","big tech","credit guarantee"],"geography":["US","KR"],"entities":[{"name":"Google","canonical_id":"corp:us:google","type":"company","role_in_article":"primary_subject","metadata":{"ticker":"GOOG","parent":"corp:us:alphabet"}},{"name":"Alphabet","canonical_id":"corp:us:alphabet","type":"company","role_in_article":"parent_company","metadata":{"ticker":"GOOG","parent":null}},{"name":"Anthropic","canonical_id":"corp:us:anthropic","type":"company","role_in_article":"primary_subject","metadata":{"ticker":null,"parent":null}},{"name":"Nexus Data Centers","canonical_id":"corp:us:nexus-data-centers","type":"company","role_in_article":"mentioned","metadata":{"ticker":null,"parent":null}},{"name":"Morgan 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worth billions of dollars by agreeing to cover Anthropic's rent and power purchase payments if it fails to pay, in exchange for securing about 20% equity in the data center and power plant projects","as_of":"2026-07","as_of_explicit":false,"as_of_raw":"as reported on the 31st of last month","source_type":"unnamed_source","comparison":null,"type":"fact","figures":{"value":20,"unit":"%","approximate":true,"converted":null},"expiry_hint":null,"insight":null},{"id":"c3","statement":"Nvidia discussed a plan to guarantee up to $250 billion in rent payments that OpenAI would make for a 10-gigawatt data center SoftBank is building in Ohio","as_of":"2026","as_of_explicit":false,"as_of_raw":"recently","source_type":"unnamed_source","comparison":null,"type":"estimate","figures":{"value":250000000000,"unit":"USD","approximate":false,"converted":null},"expiry_hint":null,"insight":null},{"id":"c4","statement":"Nvidia is separately reported to be considering $350 billion in financial support for 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