▲ 323 ▼ A.I. Is Running on Borrowed Money (www.nytimes.com) submitted 2 months ago by Some_Emo_Chick@lemmy.world to c/technology@lemmy.world 63 comments fedilink hide all child comments 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.
[–] ShotDonkey@lemmy.world 25 points 2 months ago (1 child) ::: capitalism ::: is running on borrowed money. permalink fedilink source hideshow 1 child comment replies: [–] heartSagan5@lemmy.zip 4 points 2 months ago Yeah. In the US, the system works like this. For every dollar minted, it is an IOU to the very big bank as per the contract. permalink fedilink source parent
[–] heartSagan5@lemmy.zip 4 points 2 months ago Yeah. In the US, the system works like this. For every dollar minted, it is an IOU to the very big bank as per the contract. permalink fedilink source parent