What Makes the AI Music Stop: a $1.5 Trillion Mountain of Hidden Leverage
benzinga_article·
- The artificial-intelligence infrastructure race is increasingly driven by debt, leases, joint ventures, and purchase commitments that remain off official balance sheets.
- Hyperscalers carry roughly $1.5 trillion in lease commitments and nearly $1.5 trillion in contractual obligations for chips and infrastructure.
- While falling deployment costs may extend the capital-spending cycle, high leverage and rapid asset depreciation pose significant risks.
