AI companies are on track to borrow $570bn in 2026, according to estimates by the bank Morgan Stanley.
Big tech companies are increasingly taking out more debt to fund their huge investment needs – and the US bank has found that AI-related debt issuance stood at almost $236bn as of the end of May. That is four times higher than the same point last year, according to a report by Reuters.
There has been a flurry of fundraising activity in the tech sector in recent weeks – including from OpenAI, which has filed confidentially to go public on the US stock market. Anthropic, which makes the popular Claude chatbot, has also announced it was filing to go public.
