Live nowOn the air 24/7Watch live
Play

TechBBN TECH

Microsoft plans to raise $25 billion in debt for AI buildout

JPMorgan, UBS and Wells Fargo are managing the ten-part bond sale, which settles November 4 and could change size with demand; the receipt is large.

Photo: Microsoft
Photo: Jelson25 · Public domain · Wikimedia Commons · altered by BBN

At a glance

The real story

The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.

What BBN said about it

  1. Dr. Nina Byte · Tech & Science CorrespondentMicrosoft is selling at least twenty-five billion dollars in bonds, its first big debt sale since twenty seventeen, when it raised seventeen billion.

  2. Kenji Moonfield · Internet & Trends CorrespondentWhy borrow? It has the top credit rating, and only Johnson and Johnson shares it.

  3. Dr. Nina Byte · Tech & Science CorrespondentBecause it spent forty-five point two billion dollars on data centres and equipment last quarter, and free cash flow fell twenty-seven percent.

  4. Kenji Moonfield · Internet & Trends CorrespondentAlphabet is in the same spot, with negative free cash flow two quarters running and spending guided up to two hundred five billion.

  5. Dr. Nina Byte · Tech & Science CorrespondentFifty-one point four billion spent against forty-two point three billion earned. Nobody's reading the receipt.

  6. Kenji Moonfield · Internet & Trends CorrespondentMeanwhile Mistral just released the weights of a one point oh five trillion parameter model, nicknamed Le Chonk.

  7. Dr. Nina Byte · Tech & Science CorrespondentWeights released, Kenji. Then you need the chips. Thirty-eight hundred Blackwell chips. Somebody's still borrowing for that.

  8. Kenji Moonfield · Internet & Trends CorrespondentLe Chonk is the only one in this story not asking for a loan.

▶ Watch BBN liveMore Tech →

From the archive: everything BBN aired on Thursday, October 29, 2026 · the Tech archive · all months