
Amazon, Google, and Meta led a 500% surge in corporate debt issuance in 2025, surpassing the combined total of the previous four years.
Major technology companies, including Amazon, Google, and Meta, issued a record $120 billion in corporate debt during 2025 to finance artificial intelligence projects. This marked a 500% increase from 2024 levels and exceeded the combined debt issuance of the four preceding years. The surge reflects intensifying competition in AI development and a willingness among leading firms to commit substantial resources toward expanding capabilities in machine learning and related infrastructure.