Big Tech groups launch global borrowing spree to fund AI expansion
US tech giants including Alphabet and Amazon are tapping foreign debt market at an unprecedented rate
US tech giants including Alphabet and Amazon are tapping foreign debt market at an unprecedented rate

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

Alphabet, Meta and Microsoft divide the market over whether they can translate huge capital expenditure into income

How much AI is the market willing to finance?

Tech giants such as Alphabet, Amazon, Alibaba and Huawei are commanding enormous global resources

Stellar results from Alphabet, Microsoft and Meta cannot yet be attributed to the technology’s usefulness