July 22, 2026

Five tech giants are hiding $1.65tn in AI debt, using the trick that toppled Enron

man in blue dress shirt sitting on rolling chair inside room with monitors
Austin Distel / Unsplash

Look at what Alphabet, Microsoft, Amazon, Meta, and Oracle officially owe, and the numbers seem large but manageable. Look off the books, and a second, bigger pile of debt appears. A Nikkei study put that hidden figure at $1.65 trillion, up roughly e...