"AI scaling has become much more of a capital problem as much as a technology problem, if not more so." @Silicon_Data Head of Research @stevehou says the AI boom is becoming a capital problem as much as a technology one: "We've obviously gone through the era of financing AI buildout exclusively from the free cash flows of the hyperscalers." "We are moving into more of a debt-financed investment cycle." "Where do we find the money and how can we actually pass a lot of risk so that the AI…