chobeat@lemmy.ml to

Technology@lemmy.worldEnglish · 2 months ago

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

558

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

chobeat@lemmy.ml to

Technology@lemmy.worldEnglish · 2 months ago

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.

Chat

MunkyNutts@lemmy.world
link
fedilink
English
arrow-up
8·
2 months ago
And the chair gets pulled out and the public is left on their ass with the debt. Privatize profits, socialized losses.

Technology@lemmy.world

technology@lemmy.world

You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !technology@lemmy.world

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related news or articles.
Be excellent to each other!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
Check for duplicates before posting, duplicates may be removed
Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

Visibility: Public

This community can be federated to other instances and be posted/commented in by their users.

2.59K users / day
8.31K users / week
15.7K users / month
30K users / 6 months
65 local subscribers
88K subscribers
18.5K Posts
726K Comments
Modlog