The AI-led borrowing frenzy could end up driving interest rates higher, Apollo's chief economist says

A Grok investor said he's "deeply concerned" about the "speculative" data center market.

Myung J. Chun / Los Angeles Times via Getty Images

• AI spending from Big Tech hyperscalers is expected to surge again in 2026.
• Torsten Sløk of Apollo thinks AI-driven corporate borrowing could drive up interest rates.
• He said that new investment-grade bond issuance could pull buyers away from the Treasury market.

A top economist has a fresh warning about debt-fueled capex spending in 2026.