[Sixth Street CEO remains cautious about AI craze and warns that speculation is rife] On November 12th, Sixth Street Partners CEO Alan Waxman said that he saw increasing signs of turmoil in the artificial intelligence craze, so the company basically stayed on the sidelines. The scale of capital spending in artificial intelligence is unprecedented, and "as artificial intelligence continues to evolve, no one really understands the unit economics," Waxman said Wednesday. "At least in the credit space, it's difficult for us to assess this. The equity side is a little different." Waxman said Sixth Street is worried about the rapid expansion of credit in the AI ​​field, as well as "speculative mania, animal spirits or fear of missing out," and is starting to see signs of unrest, such as banks looking to sell construction loans. Lenders have reduced financing for AI infrastructure projects as concerns about risks in the sector grow. “The entire ecosystem is rife with speculation,” Waxman said. His firm manages more than $140 billion in assets, with a focus on private placement credit.