AI companies are pouring untold billions of dollars into enormous data centers in their efforts to sustain increasingly complex and resource-intensive AI models. That’s even more than the $1.35 trillion in debt the five companies officially reported in their financial data for the most recent quarter. Experts continue to warn of an AI bubble, noting the enormous and widening gulf between company valuations and their comparatively measly profits. The pressure is on: four of the five companies Nikkei analyzed are set to report second quarter earnings in the coming days and weeks. More on the AI bubble: There’s a Gigantic Problem at the Heart of the AI Industry That Could Cause the Whole Thing to Collapse