[Billionaire Grant Cardone: Tech Giants Issue $66 Billion in High-Yield Debt to Compete in AI Market, Yields May Decline if Expectations Fall Short] American billionaire and renowned investor Grant Cardone pointed out that driven by competition in the artificial intelligence sector, tech giants like Meta, Google, and Amazon are raising funds through the issuance of high-yield (junk) bonds to sustain R&D investments. Approximately $66 billion worth of such bonds have been sold globally, with coupon rates as high as 9.75%. Cardone analyzed that these tech companies believe they must invest in AI at all costs to ensure survival, but if subsequent execution fails to meet expectations, the yields on these bonds are likely to decline.