Some of the world's largest tech companies are venturing into bond and equity issuances to finance their AI infrastructure development, a departure from the traditional model of relying on their own cash reserves for investment. Alphabet, Amazon, Microsoft, and Meta have all stated that AI spending will not slow down. The combined spending of tech giants this year is projected to exceed $700 billion, higher than the previously expected $600 billion. A Bridgewater Associates analysis in February pointed out that the AI boom has entered a more dangerous phase, with physical infrastructure investment growing exponentially and companies becoming increasingly reliant on external capital.
