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$120 billion in off-balance-sheet financing! Tech giants team up with Wall Street to play the AI infrastructure game, with risks shifting toward private credit.

$120 billion in off-balance-sheet financing! Tech giants team up with Wall Street to play the AI infrastructure game, with risks shifting toward private credit.

In order to stay ahead in the expensive artificial intelligence (AI) arms race while maintaining flawless financial statements, Silicon Valley tech giants are using complex financial instruments to shift massive infrastructure expenditures off their balance sheets. According to a June 24 analysis by the Financial Times, tech companies including Meta,
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