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Technology@lemmy.ml · 11 days ago

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

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technology@lemmy.world

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

chobeat@lemmy.ml to

Technology@lemmy.ml · 11 days ago

3

cross-posted to:
technology@lemmy.world

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 $1.65 trillion, up

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vas@lemmy.ml
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11 days ago
Has anyone [of Lemmy/fediverse people here] independently confirmed the numbers? I’m not an investor though, just curious.
- habitualTartare@lemmy.world
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  11 days ago
  digging into sources/references I’d take this as a pretty reliable source. https://news.bloomberglaw.com/tech-and-telecom-law/big-tech-ai-spree-revives-accounting-devices-that-toppled-enron
ms.lane@lemmy.world
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10 days ago
AI, much like Enron, is ‘too big to fail’ (until it does, spectacularly)

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