mossberg590: “tldr; They used “special-purpose vehicle” to hide …” — Plamenu

posted in Technology

sanitation@sanitation@lemmy.today

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.

mossberg590@mossberg590@lemmy.world

Replying to @⁨sanitation@lemmy.today⁩

tldr; They used “special-purpose vehicle” to hide the debt. Accounting’s version of “anal doesn’t count, silly”.

⁨Jul⁩ ⁨24⁩, ⁨2026⁩, ⁨12:45⁩en