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lemmy - Link to source

Big Tech is hiding $1.65tn in off-balance-sheet AI debt

Five tech giants are hiding $1.65tn in AI debt, using the trick that toppled Enron

Look at what Alphabet, Microsoft, Amazon, Meta, and Oracle officially owe, and the numbers seem large but manageable. Look off the books, and a second, bigger pile of debt appears. A Nikkei study put that hidden figure at $1.
The Next Web
#technology
in reply to chobeat

vas
lemmy - Link to source
vas
• •
Has anyone [of Lemmy/fediverse people here] independently confirmed the numbers? I'm not an investor though, just curious.
in reply to vas

habitualTartare
lemmy - Link to source
habitualTartare
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digging into sources/references I'd take this as a pretty reliable source. news.bloomberglaw.com/tech-and…

Big Tech AI Spree Revives Accounting Devices That Toppled Enron

Accounting rules and disclosure requirements for off-balance-sheet entities, like the ones Big Tech giants are using to finance AI data centers, have evolved since Enron’s collapse 25 years ago.
Amanda Iacone (news.bloomberglaw.com)
in reply to chobeat

ms.lane
lemmy - Link to source
ms.lane
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AI, much like Enron, is 'too big to fail' (until it does, spectacularly)
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