Invesco Says Big Tech Needs ‘Every Dollar’ It Can Get in AI Debt

Alphabet Inc.’s debt issuance in Europe and Canada underscores Big Tech’s relentless drive to find funds anywhere to pay for the industry’s stampede into artificial intelligence, according to Matt Brill at Invesco.

“The simplest answer is they need every dollar they can possibly get,” Brill, head of North America investment-grade credit, said Wednesday on Bloomberg Television’s Surveillance. “They’ve already tapped the US market several times. Alphabet went to Europe earlier in the year. But they need more.”