The size of the borrowing spree
The numbers are staggering. Some of the world's biggest tech companies have turned to the bond market to fund their AI initiatives. The scale of this debt is now measured in the hundreds of billions, and it's not slowing down. These companies are betting that AI will pay off big enough to service the debt and then some.
But there's a catch. Bond markets don't like surprises, and they're getting nervous about just how much leverage the sector is taking on. The fear is that if AI projects underdeliver, or if interest rates stay higher for longer, the debt load becomes a
