New Delhi, Oct. 17 -- Investors are now questioning whether revenues from artificial intelligence (AI) will justify the massive debt financing the industry's infrastructure boom, as bonds linked to major data centre projects slide and borrowing costs rise.

The sell-off has hit Nvidia-backed CoreWeave and projects backed by Meta, Oracle and other technology giants. The concerns show a widening gap between infrastructure spending and the revenue AI services are expected to generate, an FT report said

Bonds issued to finance prominent data centres, including Meta-backed Hyperion and Microsoft's Project Excalibur, have fallen below their face value in recent weeks. Investors are reassessing the risks of construction delays, rising financing...