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

Five tech giants, including Alphabet, Microsoft, Amazon, Meta, and Oracle, are utilizing accounting strategies similar to those used by Enron to conceal $1.65 trillion in AI debt. According to a Nikkei study, this hidden debt has increased eightfold over four years and exceeds the $1.35 trillion in officially reported debt. These companies use legal structures permitted by regulators to keep these significant financial obligations off their primary balance sheets, masking the true scale of their liabilities.