CryptoJie News, OneMillion_AI reported: Goldman Sachs estimates that Google, Amazon, Meta, Microsoft, and Oracle will invest $5.8 trillion in building AI data centers and computing infrastructure by 2030. Although these tech giants have already issued nearly $200 billion in corporate bonds and borrowed about $90 billion for data centers through joint venture projects, the actual level of collateral backing for the bonds varies significantly. Some projects have their leases fully taken over by Google, while others can only be rented at a discounted price. If construction is delayed by more than half a year, Google and the tenants can directly exit, meaning investors may not be able to recover their funds. The market currently is not seriously distinguishing between these risks; the borrowing interest rates across different projects are not much different. As more data centers begin operation, delay and cost overrun issues may cause some bonds to default first.