According to Bloomberg Television, Sixth Street Partners CEO Alan Waxman remains cautious on the artificial intelligence boom, citing unclear unit economics and mounting speculative frenzy in the sector. The firm worries about rapid credit expansion in AI infrastructure and sees signs of distress, such as banks seeking to sell construction loans. Waxman noted that "no one really understands the unit economics" of AI given its rapid evolution, and the entire ecosystem is rife with speculation driven by animal spirits and fear of missing out.

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