Big Tech Doubles Down on AI Infrastructure

The five companies spending the most on artificial intelligence (AI) data centers in the United States doubled their debt load over the past five years to finance their efforts, Bloomberg reported Friday (July 10). In total, Alphabet , Amazon , Meta , Microsoft and Oracle added about $350 billion to their debt obligations, according to the report. This marks a change for the software industry, in which companies tend to earn high margins without much regular capital expenditure.