Post by Augustine Chiagozie (@pabloexchange)
π¨ Big Tech's hidden debt has reached $1.65 trillion
A Nikkei analysis found that America's largest tech companies now have $1.65 trillion in off-balance-sheet obligations, exceeding their reported debt of $1.35 trillion.
The commitments come from long-term AI infrastructure projects, including data center leases and GPU orders that accounting rules allow companies to keep off their balance sheets until certain conditions are met.
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Meta reportedly has $420 billion in these obligations, while Oracle's total reached $273 billion as it expands AI infrastructure with OpenAI.
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The risk is that if AI demand slows, these commitments could eventually become real liabilities just as new data centers come online.
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