AI’s trillion-dollar lease overhang is off the books, not off the hook

The largest AI companies are building the most expensive infrastructure programme in corporate history. They are also moving a growing share of the financing away from their own balance sheets. That does not mean the risk has disappeared. It means the risk has moved. The new AI financing stack is built from joint ventures, special-purpose […] The post AI’s trillion-dollar lease overhang is off the books, not off the hook appeared first on e27 .