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The Guardian - US
The Guardian - US
Technology
Gene Marks

Is there a pending AI ‘debt bomb’ crisis? No. This isn’t Enron 2.0

aerial view of a data center
The Stargate AI datacenter in Abilene, Texas, on 24 September 2025. Photograph: Bloomberg/Getty Images

Some experts are warning of a looming “debt bomb” crisis because big datacenter builders such as Meta, Oracle, xAI and CoreWeave are not only raising billions to construct these facilities but are also not recognizing these long-term debt obligations on their balance sheets.

Should we be concerned? No. I know because I’ve seen this movie before.

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