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Alphabet now guarantees $98.5 billion of other parties' AI bills, and shareholders stand behind it
Alphabet's quarterly filing, submitted on October 29 hours after its earnings call and while the stock fell 12% in its worst session ever, lists about $98.5 billion of contingent guarantees beneath more than $1 trillion of purchase commitments and leases. Those are promises to pay if others stop paying, and they sit with the company's shareholders.
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