Oracle, Amazon, Microsoft and Google are together committing more than $870 billion to AI infrastructure this year, a concentration of capital the Bank for International Settlements has warned carries systemic financial risk.
Jul 7, 2026The Bank for International Settlements has compared AI capex to the dot-com bubble, citing over $700 billion in combined hyperscaler spending this year and Oracle's stock down more than 40% on doubts about its Stargate lease payments.
Jul 6, 2026The BIS warned an AI spending bubble could collapse and "take the global economy with it," citing Oracle's 40% stock decline and ~$25B annual borrowing tied to its Stargate commitments.
Jul 6, 2026Oracle has laid off roughly 21,000 workers as it pours borrowed money into a massive AI data center expansion, according to Ars Technica. The juxtaposition -- deep headcount cuts alongside an aggressive, debt-financed compute buildout -- captures how far legacy software firms are stretching to stay relevant in the AI infrastructure race.
Jun 23, 2026