Could the AI boom make borrowing more expensive in Europe?
- AI firms are competing with European borrowers for investment funds.
- Hyperscalers could issue $420 billion in bonds next year.
- France’s borrowing costs and interest bill are rising.
US technology companies are borrowing heavily to fund artificial intelligence, adding competition for investment capital that European governments and businesses also need. The growing supply of bonds could push up borrowing costs across Europe, where higher rates are already adding pressure to public finances and company earnings. Amazon,…