Google has promised to cover up to $44bn of rent on data centres
Google has promised to cover up to $44bn of rent on data centres it does not own, if the tenants stop paying. Nine months ago that promise was worth $6.5bn. The guarantee is how Google sells chips against Nvidia, and it is the clearest measure yet of an AI build-out being financed by moving risk off the books rather than putting money down.
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Google has promised to pay $44bn of rent on buildings it will never own
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