--- title: Big Tech's AI debt hits $350bn and heads to Europe description: The five largest US AI data centre builders — Alphabet, Amazon, Meta, Microsoft, and Oracle — have doubled their combined debt to $350bn over five years to... canonical: https://daily.dev/posts/big-tech-s-ai-debt-hits-350bn-and-heads-to-europe-zyvvvckzp twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Big Tech's AI debt hits $350bn and heads to Europe | daily.dev og:description: The five largest US AI data centre builders — Alphabet, Amazon, Meta, Microsoft, and Oracle — have doubled their combined debt to $350bn over five years to... og:url: https://daily.dev/posts/big-tech-s-ai-debt-hits-350bn-and-heads-to-europe-zyvvvckzp og:image: https://api.daily.dev/og/posts/zYVVvckZP.png og:image:alt: Big Tech's AI debt hits $350bn and heads to Europe og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Big Tech's AI debt hits $350bn and heads to Europe **[The Next Web](https://daily.dev/sources/tnw)** · 4 min read · 0 upvotes · 0 comments ## Summary The five largest US AI data centre builders — Alphabet, Amazon, Meta, Microsoft, and Oracle — have doubled their combined debt to $350bn over five years to fund AI infrastructure. Interest payments reached $10bn last year, and Oracle's credit rating was cut to near-junk by S&P. With US dollar bond markets showing signs of saturation, hyperscalers have turned to European debt markets, with Morgan Stanley projecting €50bn in euro-denominated borrowing in 2026 alone — potentially making US Big Tech the largest source of corporate debt in the eurozone, ahead of France. This crowding effect raises borrowing costs for European startups and infrastructure funds. Analysts are divided: some see the debt load as manageable given cash flows, while others warn of demand hype and draw parallels to Intel's debt-fuelled decline. The AI build-out has become one of the largest corporate debt bets in history, with one estimate projecting the AI debt market could reach $7tn by 2029. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [US debt crosses 100% of GDP as Big Tech's $690B AI buildout competes for the same capital markets](https://daily.dev/posts/us-debt-crosses-100-of-gdp-as-big-tech-s-690b-ai-buildout-competes-for-the-same-capital-markets-oxoanloan) · The Next Web · 0 upvotes · 0 comments - [Premium: The Hater's Guide To AI Debt \(Part 1\)](https://daily.dev/posts/premium-the-hater-s-guide-to-ai-debt-part-1--p9dmod0fg) · Where's Your Ed At · 3 upvotes · 0 comments - [What must happen for AI’s trillion-dollar gamble to pay off](https://daily.dev/posts/what-must-happen-for-ai-s-trillion-dollar-gamble-to-pay-off-w9wk3lfgo) · MIT Technology Review · 0 upvotes · 0 comments --- Tags: [#ai](https://daily.dev/tags/ai), [#cloud](https://daily.dev/tags/cloud), [#big-tech](https://daily.dev/tags/big-tech), [#ai-infrastructure](https://daily.dev/tags/ai-infrastructure) [View this post on daily.dev](https://daily.dev/posts/big-tech-s-ai-debt-hits-350bn-and-heads-to-europe-zyvvvckzp) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Big Tech's AI debt hits $350bn and heads to Europe","url":"https://daily.dev/posts/big-tech-s-ai-debt-hits-350bn-and-heads-to-europe-zyvvvckzp","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/big-tech-s-ai-debt-hits-350bn-and-heads-to-europe-zyvvvckzp"},"datePublished":"2026-07-10T15:00:20.186Z","dateModified":"2026-07-10T15:00:51.612Z","description":"The five largest US AI data centre builders — Alphabet, Amazon, Meta, Microsoft, and Oracle — have doubled their combined debt to $350bn over five years to...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/8d19390767c855a5721c6c3b9d8b2ab5?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/8d19390767c855a5721c6c3b9d8b2ab5?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"The Next Web","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"The Next Web","logo":"https://media.daily.dev/image/upload/t_logo,f_auto/v1/logos/tnw","url":"https://daily.dev/sources/tnw"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/big-tech-s-ai-debt-hits-350bn-and-heads-to-europe-zyvvvckzp","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"ai,cloud,big-tech,ai-infrastructure","timeRequired":"PT4M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"The Next Web","item":"https://daily.dev/sources/tnw"},{"@type":"ListItem","position":3,"name":"Big Tech's AI debt hits $350bn and heads to Europe"}]} ```