These are special purpose vehicles, and their special purpose seems to be to hide all the bad decisions taken in the last 3 years
Timnit Gebru"As Japanese financial newspaper Nikkei Asia found in a recent investigation, just five US tech giants — Alphabet, Microsoft, Amazon, Meta, and Oracle — are hiding an estimated $1.65 trillion in debt that doesn’t appear on balance sheets. futurism.com/artificial-i...