With more than $1 trillion (€900 billion) pouring into the artificial intelligence (AI) buildout, US tech giants are now competing with governments and companies in Europe for the same investment capital. Four of the Big Five hyperscalers — Amazon, Google owner Alphabet, Meta and Oracle — have issued about $250 billion in bonds in dollars since the beginning of 2025, according to a tally of filings to US financial regulators by AI Industry Reviews, an independent platform that evaluates AI tools. They have sold a further €37 billion ($41 billion) of bonds in euros. Recently, Microsoft, the last of the Big Five to hold back, joined the AI […]...
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Could the AI boom make borrowing more expensive in Europe?
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