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
I’m not a finance wiz but would that mean these 5 companies are carrying around 3 trillion total debt? My bank won’t even let me owe them 20 bucks without penalties.
Replying to @Gerudo@lemmy.zip
If you owe the bank $100, that’s your problem. If you owe the bank $100 million, that’s the bank’s problem.
I mean, that quote maybe needs to be updated for inflation, but you get the idea.
Replying to @Gerudo@lemmy.zip
If you have a credit card then you can owe a bank 20 dollars, so…