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EA's new owners are making "a huge bet" on generative AI cost-cutting to help repay a $20 billion loan, claims report (www.rockpapershotgun.com)
submitted 11 months ago by to c/fuck_ai@lemmy.world
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[–] 23 points 11 months ago (1 child)

Just so I'm clear, this move entails:

Get a massive loan, use it to buy a company, take the money back from the company, saddle the company with the debt for it's own purchase, scrap it for parts and let it go bankrupt?

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