Bloomberg Business
JPMorgan, Goldman Curb Exposure on $5 Billion Volta AI Loan Sale
xCruzo Brief
JPMorgan Chase & Co. and Goldman Sachs Group Inc. are taking an unusual step to curb their exposure in a $5 billion loan sale tied to AI startup Volta Infrastructure Holdings Ltd. The move comes as investors demand higher yields for risky debt linked to the artificial intelligence boom. The banks’ action suggests they’re seeking to limit balance-sheet risk while still participating in a market where funding for AI-linked ventures remains active. The report notes the two lenders are leading the loan sale, reflecting their role as arrangers and underwriting partners. Details on the specific risk limits weren’t provided in the excerpt.
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