Big Tech is hiding $1.65tn in off-balance-sheet "AI" debt
Big Tech is hiding $1.65tn in off-balance-sheet "AI" debt
thenextweb.com
Big Tech is hiding $1.65tn in off-balance-sheet AI debt
A Nikkei study found Alphabet, Microsoft, Amazon, Meta and Oracle carry $1.65tn in off-balance-sheet debt for AI, more than they report. It is all legal.
Five of the biggest US tech giants are carrying $1.65 trillion in debt that does not show up on their balance sheets, more than the debt that does. It is bankrolling the AI data-centre boom, it is perfectly legal, and it uses the same accounting trick that brought down Enron.