The AI debt hiding off the balance sheet | Episode 8

How does a company raise $30 billion without it showing up as a liability on its own balance sheet? Rich and Piers break down Meta's special purpose vehicle structure, the roles played by Pimco, BlackRock and Blue Owl, and why this kind of off balance sheet AI financing has become a genuinely systemic risk across the entire market. They also cover Meta's Muse AI agent launch, the CPU stocks benefiting in its wake, and why volatility has fallen to 16 year lows. 0:00 The $4.5 trillion problem 1:19 Meta's Muse AI agent and the market reaction 8:18 The CPU stocks benefiting from agentic AI 27:53 Why volatility is stuck at 16 year lows 32:24 What could actually move volatility higher 33:55 Meta's off balance sheet financing explained 38:35 Why this could be a $4.5 trillion systemic risk 📈 Catch more market commentary and insights on our channel. Subscribe ► https://www.youtube.com/@iguk_official?sub_confirmation=1 Find out more: https://www.ig.com/uk/investments?region=uk&utm_medium=organic_social&utm_source=youtube&utm_campaign=description&product=investing&utm_marketing_tactic=consideration&utm_creative_format=text_link&utm_content=yt_description&audience=na Your capital is at risk. 69% of retail investors lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. #Meta #AIBubble #StockMarket #Investing #TechStocks #Debt