---
id: 20260921-T0-01
title: "科技巨头用担保将3000亿美元AI风险移出资产负债表"
title_en: "Big Tech Uses Guarantees to Keep $300B AI Exposure Off Balance Sheets"
url: https://ai.daily.yangsir.net/daily/20260921-T0-01
issue_date: 2026-09-21
publish_date: 2026-09-20T12:07:10.000Z
category: news
source_name: "HN AI 精选"
source_url: https://www.ft.com/content/7f11afae-c4e3-4054-a65b-873f3647f563
---

# 科技巨头用担保将3000亿美元AI风险移出资产负债表

据金融时报报道，大型科技公司通过担保结构将约3000亿美元的AI相关风险敞口保留在资产负债表之外。这种做法使这些公司在大力投资AI基础设施的同时，财务报表上的债务和风险看起来比实际情况更小。评论者担忧，一旦AI投资回报不及预期，这些表外风险可能集中暴露，影响范围超出个别公司。

## English Version

**Big Tech Uses Guarantees to Keep $300B AI Exposure Off Balance Sheets**

The Financial Times reports that Big Tech firms are using guarantee structures to keep roughly $300 billion in AI-related exposure off their balance sheets. This allows them to invest heavily in AI infrastructure while presenting smaller debt and risk profiles than reality may warrant. Commenters worry that if AI returns disappoint, these off-balance-sheet risks could surface suddenly, with impact beyond individual companies.

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**来源**：[HN AI 精选](https://www.ft.com/content/7f11afae-c4e3-4054-a65b-873f3647f563)

**详情页**：https://ai.daily.yangsir.net/daily/20260921-T0-01

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