Meanwhile, it is being alleged that the companies involved in AI are hiding huge amounts of debt in the same way that Enron did.
It’s an extremely costly undertaking built on seemingly bottomless hype — and a mountain of debt. As Japanese financial newspaper Nikkei Asia found in a recent investigation, just five US tech giants — Alphabet, Microsoft, Amazon, Meta, and Oracle — are hiding an estimated $1.65 trillion in debt that doesn’t appear on balance sheets. That’s even more than the $1.35 trillion in debt the five companies officially reported in their financial data for the most recent quarter.
Meta alone has amassed around $420 billion in off-balance-sheet debt, according to Nikkei, highlighting how precarious the AI industry’s steep investment in AI has become, and inspiring comparisons to energy company Enron, which collapsed in spectacular fashion in 2001 because of similar debts hidden behind shell companies. Like Enron, they’re using special purpose vehicles, or off-balance sheet arrangements such as legally distinct subsidiaries, as a way to make their financial reporting look healthier than it actually is — often a glaring sign that something is deeply amiss behind the scenes.
We'll see if our largely corporate-owned media covers this. It's probably a good bet that you won't see a mention of it on CBS or in the WaPo. When the AI bubble bursts, it could be bad.
Elsewhere, Julie DiCarlo, a reporter, posted this:
It's funny how many men come into my mentions to "protect women's sports" but have zero other posts talking about women's sports, or even women, in any kind of meaningful or supportive way.
— Julie DiCaro (@juliedicaro.bsky.social) July 29, 2026 at 8:58 PM
She is exactly right. Trump and the rest of his ilk have done nothing to support women's sports, other than requiring genital checks. They've been ramming through anti-abortion laws that have essentially required doctors to let women having problem pregancies die. And they haven't scrapped Blanche's nomination because of his active role in hiding All Things Epstein.
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