[European Central Bank: AI financing wave may reshape the Eurozone bond market] On September 1, the European Central Bank stated that the large-scale borrowing by U.S. technology giants to raise funds for artificial intelligence investment may be the beginning of an unprecedented financing wave and may reshape the bond market, including the Eurozone. The future financing needs of hyperscale cloud service providers are huge, and the market expects their profits to continue to be strong, but there are still uncertainties. These situations deserve close monitoring. Potential international spillovers, the rapid rise in leverage, especially as companies start to turn to other, less transparent debt markets for financing, and the broader implications for the functioning of euro area financial markets require close attention.