Big Tech firms provide up to $300 billion in AI infrastructure guarantees

Major technology companies, including Meta, Alphabet, Nvidia, and Broadcom, have provided up to $300 billion in guarantees over the past year to fund AI data centers and hardware. According to the Financial Times, these firms often use special purpose vehicles (SPVs) to secure financing, allowing them to leverage their high credit ratings without directly recording the debt on their balance sheets. Alphabet, for instance, reported a significant increase in obligations related to data center credit derivatives, rising from $16.9 billion to $43.8 billion in six months.