Mmastodon TechnologySemiconductors first seen 1 d ago, last 45 min ago, peak #11
Big Tech ramps up guarantees backing AI datacentre debt
Original: “ #BigTech companies are rapidly expanding their use of #guarantees to back debt for #AI #datacentres and #chips , issui
Big technology companies are rapidly expanding the use of guarantees to back debt for AI datacentres and chips, issuing up to $300bn in commitments in less than a year, according to analysis shared by economist Adam Tooze. A key concern raised is that much of this exposure goes unrecorded on their balance sheets, echoing pre-crisis off-balance-sheet practices and raising questions about hidden systemic risk in the AI buildout.
Why now: The scale of off-balance-sheet AI financing commitments is fuelling debate about hidden debt risks in the AI investment boom.
Adam ToozeBig TechAI datacentressemiconductor industry
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Evidence
- “ #BigTech companies are rapidly expanding their use of #guarantees to back debt for #AI #datacentres and #chips , issuing up to $300bn in commitments in less than a year while recording little of that exposure on their #balancesheets ” adamtooze.substack.com/p/top-links-... · dbcurren.bsky.social@bsky.brid.gy · 2
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