Okay, technically they are correct that liabilities and debts are two different parts of a balance sheet, but the original piece is a pop economy piece intended for a general audience, and it gave that audience a good intuition about what the underlying economics are. This is just splitting hairs about how jargon is deployed when talking to laypeople

The five balance sheets do add to $1.3500 trillion, but only if every liability is treated as debt.

Good expainer. Mostly because it puts the commitments on scale and shows impact over time. I understand the niptick about the use of debt, as the newspaper is a economy one, but the conclusion, after all the explanation is 99% the same. The companies have payment obligations that put them at risk if AI returns not came to realization.

Um, actually, it’s not a debt because the proper term is “liability”

The point that the average gambl-, erm, small investor needs to understand it’s that they have obligations that will need to be paid, and those obligations are over twice as much as they want you to know.