Bubble
AI’s Debt Problem: How the Labs Hide a Staggering Bill
The AI Prism Admin
AI labs are routing hundreds of billions in debt through SPVs and leases, hiding a $1.65T liability that never reaches the balance sheet.
The AI Debt Binge: $1.65T of Hidden Borrowing and a Demand Bubble
The AI Prism Admin
Everyone is counting the AI revenue. Almost no one is counting the $1.65T of hidden borrowing financing the buildout — or what happens when the demand turns out to be circular.
