The scale of Big Tech's AI future financial obligations is extraordinary: Alphabet, GOOGL, Meta, META, Anthropic, Microsoft, MSFT, Amazon, AMZN, Oracle, ORCL, and Nvidia, NVDA, have disclosed a combined $4.49 trillion in off-balance-sheet obligations. These include future lease payments that have not yet commenced, data-center commitments, equipment purchases, and other contractual obligations. Alphabet accounts for the largest amount, at $1.08 trillion, followed by Anthropic, at $865 billion, and Meta, at $810 billion. By comparison, their combined on-balance-sheet obligations total just $758 billion, consisting of long-term debt and existing lease liabilities. This means off-balance-sheet commitments are nearly 6 times larger than their on-balance-sheet obligations. In total, these 7 tech companies face ~$5.25 trillion in combined financial obligations. The AI infrastructure race is facing enormous future financial commitments.