How much off-balance-sheet debt does Big Tech hold for AI infrastructure?
According to a July 2026 Nikkei Asia investigation, five US tech giants (Meta, Alphabet, Microsoft, Amazon, Oracle) carry an estimated $1.65 trillion in off-balance-sheet obligations—roughly 122% of the $1.35 trillion these same companies formally report on their balance sheets.
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The $1.65 Trillion Time Bomb: The Off-Balance-Sheet Debt Powering the AI BoomBig Tech carries $1.65 trillion in hidden off-balance-sheet compute obligations, exceeding its $1.35 trillion in reported debt. What happens next?
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