AI companies are looking to spend trillions of dollars on data centers to power their increasingly resource-intensive AI models — an astronomical amount of money that could threaten the entire economy if the bet doesn’t pay off.

As the race to spend as much money as possible on AI infrastructure rages on, companies have become increasingly desperate to keep the cash flowing. Firms like OpenAI, Anthropic, and Oracle are exhausting existing debt markets — including junk debt, private credit, and asset-backed loans — in increasingly desperate moves, as Bloomberg reports, that are raising concerns among investors.

“The numbers are like nothing any of us who have been in this business for 25 years have seen,” Bank of America managing head of global credit Matt McQueen told Bloomberg. “You have to turn over all avenues to make this work.”