Why is Big Tech borrowing so much for AI, and could $1.2 trillion in spending push US bond yields higher?

A $23 Trillion Market Swayed SoftBank in Hunt for More AI Debt

SoftBank Group Corp.’s billionaire founder Masayoshi Son has said he’s “all in” on AI. The conglomerate’s record $11.1 billion junk bond deal last week shows the lengths his executives have been going to help finance that vision.

Why is Big Tech borrowing so much for AI, and could $1.2 trillion in spending push US bond yields higher?

Big Tech's $1.2 trillion AI spending could drive more borrowing and raise demand for capital, putting pressure on US bond yields and interest rates. 

AI Spending Puts Magnificent Seven’s Cash-Flow Advantage Under Pressure

Michael Hartnett said accelerating artificial-intelligence investment is pushing the group toward about $1.2 trillion in capital expenditures and greater bond-market exposure.