AI borrowing could add to Europe’s rising debt costs
US technology companies are competing with European governments and firms for bond investors. Analysts warn the extra borrowing could put further pressure on financing costs, though it is not the only factor.
US technology companies have issued hundreds of billions of dollars in bonds to fund artificial intelligence development, adding competition for investment capital in Europe. DWMarketWatch
Four major hyperscalers, Amazon, Google owner Alphabet, Meta and Oracle, sold about US$250 billion in dollar bonds and €37 billion in euro bonds since the beginning of 2025, according to a tally cited by DW. DW
Goldman Sachs projects total new AI hyperscaler bond sales of US$420 billion next year, including about €60 billion in euros, according to ING. DW