Tech giants borrow $121bn to fuel the AI race

Business Nov 20, 2025

Google, Meta, Amazon, Microsoft, and Oracle have taken on a record $121 billion in debt this year—four times their usual—to supercharge their AI projects.
This huge spending spree shows just how serious they are about leading the next wave of tech.

Big investments and what's next

Meta is pouring $27 billion into a new data center in Richland Parish, while Amazon just raised $15 billion more in debt.
According to analyst Yuri Seliger, this borrowing isn't slowing down—he expects another $100 billion next year as these companies double down on AI.
This level of debt indicates their aggressive pursuit of AI leadership.