Tech groups shift $120bn of AI data centre debt off balance sheets
Creative financing helps insulate Big Tech while binding Wall Street to a future boom or bust
Creative financing helps insulate Big Tech while binding Wall Street to a future boom or bust

Executives face choice between cutting returns to shareholders, raiding reserves or tapping the markets

Silicon Valley giants have transformed from asset-light cash machines to huge infrastructure investors

Earnings reports of major players show how artificial intelligence services are boosting revenues

US tech giants including Alphabet and Amazon are tapping foreign debt market at an unprecedented rate

Warning from OpenAI’s Sam Altman and MIT paper puncture Wall Street’s enthusiasm

How much AI is the market willing to finance?