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Technology@lemmy.worldEnglish · 2 days ago

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

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

chobeat@lemmy.ml to

Technology@lemmy.worldEnglish · 2 days ago

cross-posted to:
technology@lemmy.ml

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.

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MunkyNutts@lemmy.world
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15 hours ago
And the chair gets pulled out and the public is left on their ass with the debt. Privatize profits, socialized losses.

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