After a nearly 1,000% surge, the AI debt orgy can’t last forever, while hidden borrowing has exploded to $1.65 trillion
Summary
Fortune reports a debt binge by AI hyperscalers, with visible bond issuance at $225B in 2026 and a broader 'hidden debt' of about $1.65T. The piece warns that market fatigue could hit leverage levels, as these off-balance-sheet commitments and asset-heavy investments become more prominent. For SMBs and IT leaders, the piece highlights potential implications for cloud costs and capital expenditure in the AI era.