The scale of Big Tech’s AI future financial obligations is extraordinary: The Kobeissi Letter
Alphabet, Meta, Anthropic, Microsoft, Amazon, Oracle and Nvidia, have disclosed a combined $4.49 trillion in off-balance-sheet obligations.
These include future lease payments that have not yet commenced, data-center commitments, equipment purchases, and other contractual obligations.
By comparison, their combined on-balance-sheet obligations total just $758 billion, consisting of long-term debt and existing lease liabilities.
In total, these 7 tech companies face ~$5.25 trillion in combined financial obligations.
https://x.com/KobeissiLetter/status/2119879354045915540
The total just sort of crept up! Hey if the government can get away with building a mind-boggling never ending debt obligation (while having zero intent to pay these debts back) why can’t I? What could possibly go wrong with $5.25 TRILLION of debt?