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US tech giants’ hidden AI debt swells 90% to $3.2tn in 6 months

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20261103N AI data center

An Amazon data center in the U.S. state of Indiana. Tech giants are pouring money into such AI infrastructure. © Reuters

KOHEI YAMADA

November 4, 2026 05:02 JST

PALO ALTO, California — U.S. tech giants’ off-balance-sheet debt from artificial intelligence-related obligations continues to balloon, almost doubling in six months to about $3.2 trillion, with investors increasingly alarmed by seemingly unending spending.