The Week: The Hidden Debt Behind the AI Boom
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Hogging seats on a crowded train, not saying excuse me, watching videos on your phone with no headphones in. Sometimes it feels like we don't know how to act anymore. What we have been seeing, increasingly, is people breaking rules. Why should I play by the rules if nobody else is going to do that for me? This week on Explain It to Me, how to mind your manners.
New episodes Sundays wherever you get your podcasts. Welcome to the week from ProfG Media, where we break down what mattered and what it all means. I'm George Hahn and it's Friday, July 31st. Today, the hidden debt financing the AI boom and why the market turned this week. Then, China's
push to spread cheap open source AI around the world. And finally, the reality behind the creator economy and the rise of the solo founder. Let's get into it. This week the debt underneath the AI boom came into view and the market didn't like what it saw. An investigation from Nikkei Asia found that the five biggest companies in AI, Alphabet, Microsoft, Amazon, Meta, and Oracle, are now carrying more debt off their balance sheets than on them.
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