Group 1 - Major tech companies are increasingly borrowing to compete in the artificial intelligence sector, raising concerns among debt investors about their ability to manage this debt [1][4] - The market for credit derivatives has seen significant growth, with many high-grade Big Tech companies now having active credit derivatives contracts, which were virtually nonexistent a year ago [2][3] - The demand for hedging against potential defaults is expected to rise as investments in artificial intelligence are projected to exceed $3 trillion, primarily funded through debt [4][5] Group 2 - The number of dealers quoting credit default swaps (CDS) for companies like Alphabet and Amazon has increased significantly, indicating heightened market activity and interest in these financial instruments [7][8] - Despite the rising debt levels, hyperscalers like Alphabet are currently able to secure financing easily, as evidenced by a recent $32 billion debt sale that attracted overwhelming demand [9]