neuracnu comments on Big Tech is hiding $1.65tn in off-balance-sheet AI debt

Technology

88,956 readers

14,764 active

3,513 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related news or articles.
Be excellent to each other!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
Check for duplicates before posting, duplicates may be removed
Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

founded 3 years ago

moderators

[–] neuracnu@lemmy.blahaj.zone 58 points 3 months ago* (5 children)

We’re all witnessing a terrifying game of musical debt. At some point the music is going to stop.

permalink

fedilink

source

hideshow 5 child comments

[–] massacre@lemmy.world 19 points 3 months ago (2 children)

Theor goal is to make sure retail 401ks don't get the last seat.

permalink

fedilink

source

parent

hideshow 2 child comments

[–] explodicle@sh.itjust.works 7 points 3 months ago (1 child)

It's absolutely crazy to me how many people are investing their 401ks in AI. If you're gonna gamble away your savings on tech bros, then there's a much better investment...

permalink

fedilink

source

parent

hideshow 1 child comment

[–] Jakeroxs@sh.itjust.works 5 points 3 months ago

As if most people self-manage their 401ks, it's almost always managed by the holding company unless someone does a PCRA or something along those lines.

permalink

fedilink

source

parent

[–] MunkyNutts@lemmy.world 8 points 3 months ago

And the chair gets pulled out and the public is left on their ass with the debt. Privatize profits, socialized losses.

permalink

fedilink

source

parent

[–] TranquilTurbulence@lemmy.zip 2 points 3 months ago

Isn’t that exactly like buying houses in 2008?

permalink

fedilink

source

parent