▲ 323 ▼ 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 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.
[–] melsaskca@lemmy.ca 8 points 1 month ago (2 children) So are most citizens. permalink fedilink source hideshow 2 child comments replies: [–] bridgeburner@lemmy.world 6 points 1 month ago* *US-citizens r/USdefaultism permalink fedilink source parent [–] eldebryn@lemmy.world 3 points 1 month ago At a quick search the total debt for all US households is 18.8trillion. For AI tech companies that is 0.7t, though this probally doesn't include shadow banking credit, which reports say is estimated to be dangerously high. The that that these numbers are only one decimal order apart is despicable. We're talking a handful of AI megacorps vs literally every single individual. permalink fedilink source parent
[–] bridgeburner@lemmy.world 6 points 1 month ago* *US-citizens r/USdefaultism permalink fedilink source parent
[–] eldebryn@lemmy.world 3 points 1 month ago At a quick search the total debt for all US households is 18.8trillion. For AI tech companies that is 0.7t, though this probally doesn't include shadow banking credit, which reports say is estimated to be dangerously high. The that that these numbers are only one decimal order apart is despicable. We're talking a handful of AI megacorps vs literally every single individual. permalink fedilink source parent