BusinessBig Tech Plans $800B AI Spending, Borrowing More for Expansion
Big Tech giants including Alphabet, Amazon, Meta, Microsoft, and Oracle are expected to spend about $800 billion on AI-related capital expenditure in 2024, focusing on data centers, chips, and infrastructure. Spending could rise to $1.2 trillion next year. To finance this, these companies are increasingly borrowing through bond sales, with US corporate bond issuance up 30% this year compared to last year.
HT World·2h ago



