$1.65 trillion in off-balance-sheet AI debt

Kohei Yamada wrote an article for Nikkei Asia titled Five US tech giants’ hidden debts soar to $1.65tn on opaque AI funding  (21 July 2026).

“Hidden debt at U.S. tech giants swelled eightfold in roughly four years to an estimated $1.65 trillion as artificial intelligence investments ballooned., a Nikkei study shows, exceeding actual [reported] debt and making it tougher for investors to assess risk.”

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