Big Tech's Borrowing Binge: The Unsettling Cost of an AI Boom The world's most influential technology companies are pouring vast sums into artificial intelligence, and a disturbing trend has emerged: they're borrowing more money than ever before.
Alphabet, Amazon, Meta, and Oracle have collectively issued $194 billion in bonds this year alone, nearly doubling their combined total for all of 2025.
This borrowing binge reflects not only the immense costs of the AI boom but also a deeper shift in Big Tech's financial dynamics.