Post by @timnitGebru@dair-community.social

2026-07-30 02:08 UTC

"As Japanese financial newspaper Nikkei Asia found in a recent investigation, just five US tech giants — Alphabet, Microsoft, Amazon, Meta, and Oracle — are hiding an estimated $1.65 trillion in debt that doesn’t appear on balance sheets. That’s even more than the $1.35 trillion in debt the five companies officially reported in their financial data for the most recent quarter." https://futurism.com/artificial-intelligence/ai-companies-hide-debt-off-balance-sheet

Replies (6)

@kirakira@furry.engineer 2026-07-30 02:17

@timnitGebru@dair-community.social is that bad

Open ##4240203
@pkw@snac.d34d.net 2026-07-30 02:53

I wish I could see likely outcomes from this, but it's too confusing. Like how would a crash play out? Or how can they not crash? It's hard for me because the more we have hyper rich people, the more I see money as not real. CC: @timnitGebru@dair-community.social

Open ##4240205
@GhostOnTheHalfShell@masto.ai 2026-07-30 03:23

@timnitGebru@dair-community.social Ed Zitron mentions much the same.

Open ##4240207
@Davide_Sandini@mastodon.uno 2026-07-30 04:47

@timnitGebru@dair-community.social So instead of AI, should be named AB: Actual Bankrupt?

Open ##4241132
@tylercheung@mastodon.social 2026-07-30 05:18

@timnitGebru@dair-community.social short oracle? Or too late?

Open ##4241133
@CTHW@mstdn.ca 2026-07-30 18:15

@timnitGebru@dair-community.social This has the likelihood of making the prime mortgage bust look small. What happens when the debt comes due? Stakeholders, enterprises and individuals, will become bankrupt overnight

Open ##4248766