Bloomberg: big tech turns to debt to fund AI spending

According to Bloomberg, the largest US technology companies have spent the past few years in a costly race to develop advanced artificial intelligence systems while also supplying computing power to a growing field of startups. To pursue those goals, they have radically changed how they finance their growth. Alphabet's Google, Meta Platforms and other tech giants had long relied on rich revenues and rising share prices, but they are now borrowing heavily to build the technology that makes chatbots run. The report frames this as a broad shift in financing strategy rather than a single transaction, and it does not specify the size of the borrowing, a timeline, or which other companies are involved beyond Google and Meta. No further developments are described in the material, so the account currently stops at the change in how these companies fund their AI efforts.