Former UK prime minister Rishi Sunak stated that technology giants, known as hyperscalers, will issue more long-term debt than the US government on bond markets as early as 2027. This trend is being driven by massive investments in artificial intelligence infrastructure, with AI-related debt issuance reaching approximately $450 billion by early 2026. JPMorgan projects a total of $4.1 trillion in debt-fueled AI spending between 2026 and 2030. The Bank of England has raised concerns about potential risks associated with this wave of technology company borrowing.
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