Tech firms to surpass US in long-term debt issuance, says sunak

Former UK Prime Minister Rishi Sunak has predicted that technology companies will surpass the US government as the largest net issuers of long-term debt in 2027. This projection comes amid a surge in capital demand driven by investments in artificial intelligence. Sunak highlighted the growing role of tech firms in the global financial landscape, emphasizing their increasing need for long-term financing to support innovation and expansion. The shift reflects broader trends in economic activity, with private sector entities taking on more debt compared to public institutions. This development is expected to reshape the dynamics of global capital markets, with tech firms playing a central role in the financing of AI-driven initiatives. The forecast underscores the transformative impact of technological advancement on financial systems and economic growth.