The Financial Post reports in its Friday, May 2, edition that the artificial intelligence boom is increasing demand for private credit firms, as tech companies seek financing for data centres and computing infrastructure. A Bloomberg dispatch to the Post reports that Carlyle Group predicts over $1.8-trillion (U.S.) will be needed by 2030 to support this growth. King Street Capital Management's Mark Van Zandt says, "There's a need for private credit to facilitate the infrastructure build for AI." He says public-market products like asset-backed bonds or traditional real estate debt, have financed data centre projects, but these "can't do it all." A slew of tech companies have already tapped private capital -- both private equity and debt -- to help build the physical infrastructure needed to support artificial intelligence. Meta is looking to raise billions in financing to develop data centres domestically, with Apollo Global Management and KKR & Co. as potential investors. Private lenders are exploring growth opportunities beyond traditional corporate lending, seeking higher-rated credit areas. Financing AI infrastructure is one such avenue, according to market participants.