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
The AI bubble will pop within the next couple of months. It’s pretty interesting, I wonder if we’ve ever seen an economic bubble so clearly before it comes to an end.
Replying to @jaykrown@lemmy.world
Why months, not quarters or years?
Replying to @Knock_Knock_Lemmy_In@lemmy.world
More like it’s already popping. The Korean AI bubble already popped, dragging Intel, AMD, ARM, Nokia and others down by a significant amount. They won’t bounce back. SpaceX is going down down down. QE won’t save this one because nobody wants USD anymore.
Replying to @mirshafie@europe.pub
I agree, it’s already popping. But the pop is still very, very slow with most investors still in denial and keeping their paragliders open.