Key facts
- JPMorgan Chase & Co. and Goldman Sachs Group Inc. are arranging billions of dollars in financing for European AI debt.
- The financing is intended to help Europe decrease its dependence on technology from other regions.
- Wall Street underwriters are competing to lead deals for European data-center operators and investors.
- Investor focus on European AI debt has been intense, with some describing it as 'FOMO' (fear of missing out).
JPMorgan Chase & Co. and Goldman Sachs Group Inc. are among the banks preparing to finance billions of dollars in European artificial intelligence debt, as the region seeks to narrow the technological gap with the United States. The Wall Street firms are competing to play a leading role in funding Europe's drive to lessen its dependence on foreign technology. Both institutions have established specialized teams to propose deals to data-center operators and investors. Noah Roth, JPMorgan's London-based head of EMEA leveraged finance, noted the intense investor focus on this emerging market, stating, "There hasn’t been a great deal of issuance here but there has been intense investor focus. There’s a lot of FOMO."