Big Tech is hiding $1.65tn in off-balance-sheet AI debt
thenextweb.com/news/tech-giants-hidden-off-balance-sheet-debt-aiReplying to @chobeat@lemmy.ml
Damn that’s around 1% of the entire global GDP…
Replying to @CheeseNoodle@lemmy.world
Just wait until you find out how much of these stocks are bought on margin.
Replying to @krisevol@lemmus.org
And like magic, there was just an article that said margin debt at an all time high… either we’re going to have a whole new class of billionaires, or we’re about to see a bubble pop like no other.
Replying to @Stupidmanager@lemmy.world
Actually you will see both. the current bubble we have now is the largest ever seen. A lot of people are going to their retirements, have to go back to work, lose their investments that are heavy in the bubble. But this is going to create billionaires from companies that survive and continue to provide AI services, and people that bailed before the bubble, and people betting on the crash. They will be the new generation of rich.