📊 The AI boom is starting to borrow from everyone

Big Tech is borrowing money like there’s no tomorrow to fund the AI race and it could make borrowing more expensive for the rest of us.

Investors have already poured around $500 billion into AI-related corporate debt this year. Amazon, Google, Meta, Microsoft and Oracle could collectively borrow more than $1 trillion over the next few years.

Tech giants have already pushed corporate borrowing to records in countries including the UK, Canada, Australia and Switzerland.

The problem is that there’s only so much capital to go around. If Big Tech keeps competing with governments and other companies for investors’ money, everyone may have to pay more to borrow.

That pressure is already showing up in U.S. bond markets, with the 10-year Treasury yield recently reaching its highest level since 2007.

And those rates don’t stay on Wall Street. They can eventually affect mortgages, car loans and credit cards.

Even retirement savings could be caug…

@aicoursesdaily