Five tech giants are hiding $1.6T in AI debt, using the trick that toppled Enron

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

by arto • 1 day ago

97 19 1 day ago

Discussion on source: https://news.ycombinator.com/item?id=48987863

zrn900• 1 day ago

And they are using the special debt vehicle tricks that made the 2008 bubble and the resulting crash. This is an economic nightmare:

https://makingsense.quora.com/AI-Bubble-Seems-To-Be-Using-Th...

solumunus• 1 day ago

I’m glad we have a competent and trustworthy administration to guide us through this inevitable collapse.

cwmoore• 1 day ago

I am offering NFTs for https://ouruboroi.com/qr/9d1c15

How do you think I got this island?

pseudohadamard• 14 hours ago

I love that term "special vehicle", I'll have to use it more often from now on as a Universal Excuse:

"It's not a fatal bug, it's a special vehicle".

"It's not fraud, it's exercising a special vehicle".

"It's not an empty excuse, it's a legitimate special vehicle".

whalabi• 1 day ago

Is it just me or is this clearly written by Claude?

The last heading is literally "The honest version"

But otherwise throughout it just reads like Claude wrote it.

camillomiller• 1 day ago

It is obvious. It‘s disgusting

notjustanymike• 21 hours ago

It's not just obvious - it's disgusting. And that matters more than you think. - Claude

b3ing• 1 day ago

1929 flashback? We already had a pandemic but no booming times

Ekaros• 1 day ago

It has been amazingly booming if you have had money in any market... But poor are forgotten.

bluefirebrand2• 23 hours ago

Markets might be booming but society sure isn't. Everyone's miserable and burned out and broke.

cyanydeez• 1 day ago

nah, more recent is dotcom bust. lots of circular funding on ephemeral services that have zero physical basis or equates to real gdp output.

jononor• 16 hours ago

Does anyone have a good article on the topic? This one seems rather LLM generated. Not sure the specifics can be trusted... Overall thesis is maybe right, but would like to understand this in a bit more detail.

breve• 12 hours ago

Linked from the article:

https://news.bloomberglaw.com/tech-and-telecom-law/big-tech-...

Five tech giants are hiding $1.6T in AI debt, using the trick that toppled Enron

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