Who gets to pull the plug on AI?

Hoffman says AI's financial risk-taking is fine, but hiding $300B in exposure and expecting little federal oversight raises transparency and governance concerns.

• Off-balance-sheet exposure: FT reported ~$300B in AI infrastructure guarantees hidden via separate financing entities; Alphabet's credit backstops jumped from $17B to $44B in six months while booking only $815M in liabilities.
• Hoffman's stance: He supports the financial risk-taking behind AI buildouts but says obscuring it from investors and government is "almost always a bad thing" and urges disclosure instead.

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