EconomyHow Big Tech’s AI Race Fueled a Borrowing Boom
For years, the biggest US technology companies have raced to develop advanced AI while supplying computing power to a growing startup sector. To pursue both aims, Alphabet’s Google, Meta and other giants have shifted from relying on strong revenues and rising share prices to borrowing heavily to build the infrastructure behind chatbots.
How Big Tech’s AI Race Fueled a Borrowing Boom
