The $2.5 T IOU – Big Tech’s Off-Balance-Sheet AI Bet
· global-macro-monitor.com
One of the most durable comforts in the AI trade has been the belief that hyperscaler capex is discretionary. If demand for chatbots and coding tools disappoints, the thinking goes, Big Tech simply turns off the taps. Bloomberg Opinion's Chris Bryant has taken a hard look at the accounting footnotes and concluded that this optionality…
One of the most durable comforts in the AI trade has been the belief that hyperscaler capex is discretionary. If demand for chatbots and coding tools disappoint...