[Apollo Chief Economist Warns: AI Debt Scale Expected to Reach Approximately $700 Billion, U.S. Treasury Demand May Be Crowded Out] According to Deep Tide TechFlow, on June 30, Apollo Chief Economist Torsten Slok issued a warning that AI mega-cap companies are engaging in large-scale debt financing, which could be diverting market demand away from U.S. Treasuries and other credit assets. The current scale of AI-related bond issuance is estimated to reach as high as approximately $700 billion, raising concerns about how the market will absorb such a massive influx of new supply. This could create a 'crowding-out effect' on other fixed-income assets. Torsten Slok believes that if financing for AI infrastructure continues to expand, the capital allocation structure of the bond market may shift, thereby exerting pressure on U.S. Treasury demand and overall credit market liquidity.