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Amazon, Meta, Microsoft, and other US tech giants are hiding $1.65 trillion in AI debt

Ripple effect: Amid growing talk of an AI bubble, a study by Japanese market analysts has found that five of the largest American technology companies are carrying a collective "hidden" debt of over $1.65 trillion, driven largely by massive spending on AI infrastructure. That undisclosed sum exceeds the $1.35 trillion the same companies have officially reported on their balance sheets, and it has grown eightfold over the past four years.
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SoftBank boss says the AI revolution will cost $5 trillion a year, also, there's no bubble

Reports of an AI bubble are greatly exaggerated, says the man behind WeWork's $47 billion collapse
Sarah Connor warned us: Multiple reports are routinely confirming that the alleged "AI revolution" is not going the way Big Tech and VC investors would like it to. SoftBank's founder and largest shareholder, however, still believes the revolution will come to pass. AI skeptics, in his view, are simply on the wrong side of history. Or are they?
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Steam just made $11 billion in the last 6 months, and most of it came from older games

Steam's record revenue reveals what actually keeps PC gamers loyal: infrastructure, not exclusives
Bottom line: Steam just posted its strongest half-year ever. In the first six months of 2026, it's estimated that games sold through the platform generated $11.1 billion in gross revenue, a record haul for the PC storefront. That figure is close to what Steam generated across all of 2021, a year boosted by pandemic lockdowns – also only 21% of that revenue comes from games released in 2026. The rest came from older titles in Steam's back catalog.
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Nvidia hits record $81.6 billion revenue as AI boom shows no sign of slowing

"Customers do not buy GPUs; they build AI factories"
What just happened? If the AI boom really is a bubble that will one day pop, it hasn't happened yet. Nvidia, the driving force behind the hardware powering most of the AI industry, once again surpassed Wall Street expectations in its quarterly results, hitting a record $81.6 billion in revenue.