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A.I. Is Running on Borrowed Money (www.nytimes.com)
submitted 2 days 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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[-] Knock_Knock_Lemmy_In@lemmy.world 2 points 1 day ago

The money being spent to build data centers, buy equipment and electricity is real. The fact that openAI owe softbank $40bn is real.

The future returns from these present day expenditures are imaginary. Whether softbank get their loan back is speculative. Equity raises are even more so.

this post was submitted on 17 Jul 2026
316 points (96.5% liked)

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