Something Ominous Is Happening in the AI Economy

In the past few months, it has announced a $22 billion partnership with OpenAI, a $14 billion deal with Meta, and a $6 billion arrangement with Nvidia. The company expects to bring in $5 billion in revenue this year while spending roughly $20 billion. To cover that gap, the company has taken on $14 billion in debt, more than half of which comes due in the next year.