Oaktree Co-CEO Panossian Sees Signs of Exuberance in Data Center Boom

The amount of money chasing investments linked to artificial intelligence is creating the “risk of excesses,” said Armen Panossian, co-Chief Executive Officer at Oaktree Capital Management LP.

There are parallels with the fiber optic boom in the late 1990s and early 2000s when the weight of capital meant capacity began to be constructed without contracts with users in place, Panossian said in an interview with Bloomberg TV.