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A.I. Is Running on Borrowed Money (www.nytimes.com)
submitted 1 month ago by 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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[–] 4 points 1 month 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.

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