Borrowing the Future: AI's Off-Balance-Sheet Boom

This week, we look at JPMorgan's latest crypto report and Sam Altman's World, which is rolling out World IDs to banks and financial firms. Altman describes its proof-of-human technology as essential infrastructure for the AI era. We also cover Mike Cagney's launch of Navra and the $45 billion compute deal announced by Anthropic and Nscale. We then turn to the episode's main theme: how special purpose vehicles are being used to fund AI infrastructure outside of corporate balance sheets, and the considerations this may raise for investors. Our Chart of the Week examines global private debt assets under management.    Remember to Stay Current!  To learn more, visit us on the web at https://www.morgancreekcap.com/morgan-creek-digital/. To speak to a team member or sign up for additional content, please email mcdigital@morgancreekcap.com  Legal Disclaimer  This podcast is for informational purposes only and should not be construed as investment advice or a solicitation for the sale of any security, advisory, or other service. Investments related to the themes and ideas discussed may be owned by funds managed by the host and podcast guests. Any conf