Felix Prehn @FelixFriends spent years in investment banking at Macquarie Group before founding Goat Academy, where he has taught 25,000 people to manage risk. Today he is sounding the alarm on AI debt. Half of hyperscaler AI revenue is vendor financing, the same companies lending money and booking it back as revenue. SpaceX bonds are down nearly 10% since issue. Goldman Sachs is trying to offload AI debt internally. IBM just crashed 25% on a hint of capex pullback. Felix joins Mike Butler and Jermal Chandler and says every major crash was a debt problem. The technology works. The railroads worked too. 📊 tastylive: tastylive.com 📰 Get Tom's pre-market analysis every morning: tastylive.com/newsletters 📘 FREE Options Strategy Guide: tinyurl.com/bp9ms763 📱 Follow tastylive on X: x.com/tastyliveshow Chapters 00:00 IBM down 25% and the AI debt alarm 01:14 SpaceX bonds down 10%, Goldman offloading AI debt 02:23 Half of AI revenue is the hyperscal...