AI Giants Hide $1.65 Trillion in Off-Balance-Sheet Debt
AI Companies Are Trying to Hide a Staggering Amount of Debt
Five major US tech giants, including Alphabet, Microsoft, Amazon, Meta, and Oracle, are concealing an estimated $1.65 trillion in debt off their balance sheets to fund massive AI data center projects. This opaque accounting strategy mirrors the tactics used by Enron before its collapse, raising serious concerns about a potential AI bubble and the precarious financial health of the industry.
But what if one of these companies was a house of cards and was propping itself up with this accounting treatment? To me, that's the risk.