Deutsche Bank said U.S. companies are expected to spend about $800 billion on AI capital expenditure this year, while AI venture capital fundraising has topped $400 billion, according to ETNet.

The bank also said financing by hyperscale technology companies through the investment-grade credit market has surged to 10 times its usual level. The report said some analysts view the trend as a high-risk bet that could affect the dollar if AI spending fails to deliver economic returns or if the U.S. loses its lead in the technology race.