[AI Financing Anxiety May Near Peak Billionaire Novogratz Expects Credit Market to Stabilize] On October 28, Michael Novogratz, the billionaire founder and CEO of Galaxy Digital Inc., an operator of crypto-financial services and artificial intelligence data centers, said that the global credit market’s anxiety about AI spending may be nearing a turning point of easing. After Galaxy announced its third-quarter results, Novogratz said on a conference call on Tuesday that "the credit market is currently a bit indigestible. The market's nervousness may be nearing its peak. There is no easy way out of the predicament, but I think time will gradually improve the situation." Novogratz believes that Meta Platforms Inc.'s equity financing and Anthropic PBC's planned initial public offering are signs that the pressure may ease. Novogratz said, "Look at it this way: more equity financing, less credit financing. In some ways, the past week has been a good thing for the credit market because we saw such a large equity financing."