Big Tech’s AI debt just hit $350bn, and Europe is about to feel it

Big Tech is constructing its AI empire through substantial borrowing, with total debt reaching $350bn. The five largest US AI data center builders, including Alphabet, Amazon, Meta, Microsoft, and Oracle, have doubled their debt over five years. This borrowing spree is impacting Europe as bills arrive. Meanwhile, investors are selling longer-dated AI debt, reflecting growing skepticism about the sector's long-term profitability and the sustainability of the current financial trajectory for these major technology companies.