posted in Technology
Five Tech Giants Are Using Enron’s Accounting Strategy to Conceal $1.65 Trillion in AI Debt
www.yahoo.com/finance/technology/ai/articles/five-tech-giants-using-enron-184404206.html
Yahoo FinanceFive Tech Giants Are Using Enron’s Accounting Strategy to Conceal $1.65 Trillion in AI DebtBig Tech hides $1.65 trillion in AI debt off its balance sheets - more than its total reported debt - using legal structures regulators still allow.
Replying to @sanitation@lemmy.today
This shit led to the Great Depression… I guess it’ll be a Greater Depression, just on figures alone.
Replying to @heartSagan5@lemmy.zip
C’mon! With Trump in charge, it has to be The Greatest Depression!
“Yes, this is The Greatest Depression. Nobody has ever seen anything like it. Even the best economists, very smart people, they say to me ‘Donald, Mr President, who could know?’ Nobody could have known this would happen, but they tell me it was caused by Biden. Or Obama. I’ve also asked the FBI to check Hillary’s emails and Hunter’s laptop.”
Replying to @No1@aussie.zone
“They said it could never happen. It could never be done. But I did it. First one in history to trigger such a great depression. The greatest depression.”