Tech companies tap debt markets to fund AI and cloud expansion

The world’s largest technology companies are tapping debt markets, as they seek to bolster their artificial intelligence infrastructure, marking a shift for ​Silicon Valley firms that typically relied on cash to ​fund their investments.

Last month, Alphabet, Amazon, Microsoft and Meta signaled that spending on AI would not slow ​down, with the tech giants’ combined spending now set to exceed $700 billion this year, up from about $600 billion previously.