Artificial intelligence is being sold as a necessary, giant leap forward. But there’s another story unfolding beneath it: a borrowing spree unlike anything America has ever seen.
And Blaze Media co-founder Glenn Beck is sounding the alarm, asking, “Who is borrowing more money now than anybody in America besides the federal government?”
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“The people who are borrowing more money than anybody else are the people building artificial intelligence,” he explains, and the company SoftBank is among them.
“SoftBank just borrowed $11 billion in junk bonds, paying as much as 9 and 3/4%,” he says.
“Oracle’s interest bill for one quarter jumped 55%. Their interest is now $1.4 billion. JP Morgan expects $4 trillion of AI debt to be issued between now and 2030.”
“That’s a tenth of our national
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