PANews said Grant Cardone stated that tech giants issued approximately AI in financing 66000000000 USD of high-yield bonds
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AT A GLANCE
Grant Cardone said tech giants issued approximately AI in competition 66000000000 USD of high-yield bonds.
Article
Billionaire Grant Cardone: Tech giants are rushing to issue AI high-yield debt to seize 66000000000 USD market share; yields will fall if expectations are not met
PANews October 4 reported that U.S. billionaire and renowned investor Grant Cardone pointed out that, driven by competition in the artificial intelligence sector, tech giants such as Meta, Google, and Amazon are raising funds by issuing high-yield (junk) bonds to sustain research and development investment. Approximately 66000000000 USD of such bonds have been sold globally, with coupon rates reaching as high as 9.75%. Cardone said these tech companies believe they must invest in AI at any cost to survive, but if subsequent execution falls short of expectations, the yields on the relevant bonds will decline.
Grant Cardone pointed out that competition in the artificial intelligence sector is driving tech giants such as Meta, Google, and Amazon to issue high-yield bonds.
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The original article stated that approximately 66000000000 USD of such bonds have been sold globally.
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The original article stated that the coupon rate on the relevant bonds reached as high as 9.75%。
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Grant Cardone believes that if subsequent execution falls short of expectations, the rates on the relevant bonds will decline.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
High-yield bonds generally mean that issuers need to pay higher interest to raise funds. The original article stated that some technology companies are using such bonds to support artificial intelligence research and development; if AI investment does not produce the expected results, bond rates may decline.
Why it matters to readers
This concerns the financing costs of large technology companies,AI investment, and expectations in the bond market.
It shows that companies can raise AI in research and development funding through borrowing, but high interest rates also mean higher financing costs.
Risks and unknowns
The report did not provide a specific list of bond issuances, maturities, or use of proceeds.
The statistical scope and methodology for “approximately 66000000000 USD” were not explained in the original article.
The original content consists of Grant Cardone’s analysis, and the relevant assessments have not been corroborated in the article by original issuance materials.
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high-yield bonds
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