Firehose

US tech giants Meta, Oracle, and others have accumulated an estimated $1.65 trillion in hidden debt through opaque AI funding, which has swelled eightfold in roughly four years, surpassing actual debt and complicating investors' risk assessments. This surge in debt is largely driven by AI investments, which have ballooned to a significant portion of the companies' liabilities. As a result, investors are finding it increasingly difficult to accurately assess the risks associated with these companies. AI summary