New Delhi, Nov. 20 -- Five AI hyperscalers, namely Google, Meta, Amazon, Microsoft and Oracle, are increasing debt this yea, four times than that of usual.
According to a new analysis by the Bank of America, the big five artificial intelligence (AI) hyperscalers have been increasingly funding their AI investments through debt, as they pledge more money into the latest technology in hopes of scaling their business.
Bank of America analyst Yuri Seliger said that Google, Meta, Amazon, Microsoft and Oracle together have already issued $121 billion in debt this year.
In his research note dated November 17, Seligar said that out of the $121 billion debt, $27 billion alone was used to fund the new data centre of Meta at Richland Parish in Los...
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