partofthevoice comments on AI is forcing Big Tech to do something it’s never done: Spend more than it earns, and Wall Street hates it

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[–] partofthevoice@lemmy.zip 12 points 2 months ago* (6 children)

Well, I’ve learned to think of these things as wealth transfers — is that fair in this context.? Question is, where’s all the money going that big tech is loosing? To power companies, or is more complex than that?

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[–] obviouspornalt@fedinsfw.app 16 points 2 months ago (2 children)

it's going to Nvidia, Samsung, Micron, western Digital. companies that make hardware components. those are the pickaxes in this story.

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[–] veroxii@aussie.zone 5 points 2 months ago (1 child)

Also maybe construction companies etc who build the data centres... They don't care if the centre is ultimately profitable... They're getting paid now.

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[–] Ludicrous0251@piefed.zip 8 points 2 months ago

Construction companies run pretty tight margins because it's an industry with a lot of competition. I'm sure they're not hurting, but the niche component suppliers are robbing the economy blind.

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