01145nam a22001097a 4500008004100000100003900041245004900080260003400129300003400163520080400197773003401001260430b           ||||| |||| 00| 0 eng d  aSial, Farwa and Chandrasekhar, C P  aMilitarised AI, private credit, and Iran war  aEconomic & Political Weekly    a61(15), Apr 11, 2026: p.10-12  aPrivate credit markets are showing signs of stress, with multiple major funds restricting withdrawals as investors struggle to exit illiquid holdings. The fears of investors are driven by the success of AI, which, while driven by enormous capital spending financed in part by private credit, is perceived as disrupting the pre-existing software landscape. These dynamics are increasingly tied to military demand, with the US government encouraging private capital to build defence-linked AI infrastructure. The war on Iran is amplifying these trends by accelerating a shift wherein AI investment becomes less market-driven and more concentrated around state-backed priorities.-Reproduced 

https://www.epw.in/journal/2026/15/h-t-parekh-finance-column/militarised-ai-private-credit-and-iran-war.html
  aEconomic & Political Weekly