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

https://thenextweb.com/news/tech-giants-hidden-off-balance-sheet-debt-ai

53 points · 3 comments · view on lemmy.world

3 Comments

vas@lemmy.ml · 5 pts · 31d (1 reply)

Has anyone [of Lemmy/fediverse people here] independently confirmed the numbers? I'm not an investor though, just curious.

habitualTartare@lemmy.world · 6 pts · 30d

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 · 1 pts · 30d

AI, much like Enron, is 'too big to fail' (until it does, spectacularly)