A Nikkei study reveals that five major U.S. tech companies hold $1.65 trillion in hidden debt, far exceeding their reported liabilities. This debt has grown eightfold in four years, driven by heavy investments in artificial intelligence. Meta and Oracle show particularly high off-balance-sheet debt, with Oracle's rising rapidly due to its OpenAI commitments. This hidden debt complicates risk assessment for investors and challenges the perception of big tech as asset-light and cash-rich. Upcoming earnings reports may further reveal the financial strain on these companies.
Meta Platforms is entering the cloud hosting market by utilizing its underused GPU capacity amid rising rental rates. This move supports Meta's goal of building a vertically integrated AI stack and advancing agentic AI adoption. The expansion is expe...
Anthropic has received final court approval for its $1.5 billion settlement in a class action lawsuit over copyright infringement related to its AI training data. The settlement will pay $3,000 per copyrighted work to authors and publishers for about...
Mark Zuckerberg has become the world's fifth-richest person, surpassing Michael Dell after Dell's shares dropped 3.3% amid a recent selloff. Dell's stock has fallen over 18% since its peak on June 1, reducing his net worth by $2 billion to $221.1 bil...
The US is considering banning China's open-weight AI model Kimi K3 due to concerns over competition with American AI firms and potential data security risks. OpenAI and other US AI leaders worry that open-source Chinese models could undercut their in...
Meta Platforms is forecasted to exceed Wall Street's Q2 earnings expectations, with Bank of America predicting $60.6 billion in revenue and $7.50 earnings per share, driven by healthy advertising demand and AI improvements. Despite foreign exchange c...
