How Capital is Powering the AI Infrastructure Buildout with Magnetar Capital Managing Director Neil Tiwari
About this episode
Neil Tiwari discusses the financial innovations driving AI infrastructure buildout and the challenges faced by the industry.
By the end of 2026, AI capital expenditure is projected to hit nearly $700 billion. The question isn’t who has the best model, but who has the most creative financing to build out AI infrastructure and beyond. Sarah Guo is joined by Neil Tiwari, Managing Director at Magnetar Capital, a financial innovator helping the AI industry scale from billions to trillions of dollars in CapEx. Neil explains some of the debt structures used to finance massive GPU clusters, who is taking the risk, and how the industry is maturing. Sarah and Neil also discuss how power distribution, energy storage, and physical materials like steel are the bottlenecks of the AI industry. Plus, Neil gives his take on the future of inference-optimized clouds, and why the market shift away from software and into infrastructure might be an overreaction. Sign up for new podcasts every week. Email feedback to show@no-priors.com Follow us on Twitter: @NoPriorsPod | @Saranormous | @EladGil Chapters: 00:00 – Cold Open 00:05 – Neil Tiwari Introduction 00:26 – Magnetar’s Story 01:28 – Why CoreWeave Helped Magnetar Win 06:15 – Scaling CapEx Efficiently 09:02 – Debunking GPU Collateral Risk 11:42 – How Deal Structures…
More episodes of No Priors: Artificial Intelligence | Technology | Startups
- SAP: Bringing the ‘Operating System’ of a Company into the AI Era with CTO Philipp Herzig
- Scaling Global Organizations in the Age of AI with ServiceNow Chairman and CEO Bill McDermott
- The Agentic Economy: How AI Agents Will Transform the Financial System with Circle Co-Founder and CEO Jeremy Allaire
- AI for Atoms: How Periodic Labs is Revolutionizing Materials Engineering with Co-Founder Liam Fedus
- Andrej Karpathy on Code Agents, AutoResearch, and the Loopy Era of AI
- From Coder to Manager: Navigating the Shift to Agentic Engineering with Notion Co-Founder Simon Last
Explore listener stats, chart rankings, contacts and more on the No Priors: Artificial Intelligence | Technology | Startups podcast page.