Five tech giants are hiding $1.6T in AI debt, using the trick that toppled Enron
41 points by arto 3 hours ago | 9 comments
  • ChrisArchitect 3 hours ago |
  • zrn900 2 hours ago |
    And they are using the special debt vehicle tricks that made the 2008 bubble and the resulting crash. This is an economic nightmare:

    https://makingsense.quora.com/AI-Bubble-Seems-To-Be-Using-Th...

    • solumunus an hour ago |
      I’m glad we have a competent and trustworthy administration to guide us through this inevitable collapse.
  • whalabi an hour ago |
    Is it just me or is this clearly written by Claude?

    The last heading is literally "The honest version"

    But otherwise throughout it just reads like Claude wrote it.

    • camillomiller 40 minutes ago |
      It is obvious. It‘s disgusting
  • b3ing an hour ago |
    1929 flashback? We already had a pandemic but no booming times
    • Ekaros 38 minutes ago |
      It has been amazingly booming if you have had money in any market... But poor are forgotten.
    • cyanydeez 38 minutes ago |
      nah, more recent is dotcom bust. lots of circular funding on ephemeral services that have zero physical basis or equates to real gdp output.