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Technology@lemmy.worldEnglish · 2 days ago

Five Tech Giants Are Using Enron’s Accounting Strategy to Conceal $1.65 Trillion in AI Debt

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Five Tech Giants Are Using Enron’s Accounting Strategy to Conceal $1.65 Trillion in AI Debt

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Technology@lemmy.worldEnglish · 2 days ago

Big Tech hides $1.65 trillion in AI debt off its balance sheets - more than its total reported debt - using legal structures regulators still allow.

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1 day ago
article ignores the circular financing bubble. It layers on top all of the hidden costs in servicing their fake revenue and fake stock valuations.

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