Big Tech’s AI debt just hit $350bn, and Europe is about to feel it

The largest US tech companies have significantly increased their debt to finance AI data centers, reaching about $350 billion, with interest costs still manageable due to strong cash flows. However, signs of financial strain are emerging, and these firms are increasingly borrowing in European markets, which could impact borrowing costs for European companies. This trend raises concerns about credit risk and the broader effects on Europe's financial environment.