AI Companies are Hiding More Debt than You Think
If you know someone who is convinced that data centers are a great financial investment for the future, have them look into Ed Zitron, a writer who has reported extensively on the debt bubbles propping up many of the largest tech giants. Comparing the coming crash to the subprime mortgage crisis, Zitron has shown that the balance sheets and big numbers touted by these companies are largely illusions—and the data center boom is just one area where we’ll suffer the consequences of this bubble. Rather than considering them permanent infrastructure, he argues that the proliferation of these centers will lead to an inevitable collapse where cities and residents will be left to pay the price.