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A.I. Is Running on Borrowed Money (www.nytimes.com)

submitted 1 month ago by Some_Emo_Chick@lemmy.world to c/technology@lemmy.world

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Risk is rising as big tech companies like Oracle — the ultimate financial source of the Ellison media empire — need to turn to the bond market for staggering sums to finance data centers.

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[–] ToiletFlushShowerScream@piefed.world 18 points 1 month ago

Tech executives stuffing suitcases with the cash of average families pensions and 401k funds before saluting and running out the back door for their new mega yacht moored in the cayman islands.

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