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Nikkei Asia: Hyperscalers face $1.65 trillion off-balance-sheet debt

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Nikkei Asia found hyperscalers have $1.65 trillion in off-balance-sheet obligations.
The debt is hidden in footnotes of recent financial statements.
Hyperscalers include major tech companies like Amazon, Microsoft, and Google.
This off-balance-sheet debt represents future liabilities from AI investments.
The revelation questions the financial health of big tech's AI spending.
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