TO BUY HARDWARE WITH A 3 YEAR LIFESPAN. THREE YEARS. 3.
Yep, but at least there's cookies. They cost $11 each.
and they're packed with Olestra (tm)
Oh man I remember that brief era lol
How could one forget?
The longest portion of the offering, a 40-year bond, is expected to yield 0.95 percentage points over US Treasuries, down from 1.2 percentage points during initial talks, the people said.
Gotta be really bearish on treasuries to consider this a good idea.
So they know that AI is going to be unprofitable for near to medium term?
they want suckers and losers to pay off googles debt for investing in the current AI scheme.
I think the only thing we can say they believe for sure is that a fool and his money are soon parted.
Inverted yield curve in physical form?
why can google whore themselves out in gross, unbecoming ways? but if I want a mouth hug from Tammy on the block downtown we're gonna be under fire for striking a lil deal
How can i short this?
start a large company, force all the employees to use the cheap venture driven tokens now to get more done with less talent then fire everywhere when the bubble pops.
Traditionally, you need to find someone to loan you money with the bond as collateral. Then you promise that person the bond as repayment of the debt + interest, with the expectation that you can re-buy the bond at a future date for much less than you could today.
Fr, Resist and Unsubscribe.
Selling hot air heated by wasting electricity in a data center.
I've thought about that, actually. Could you use waste heat from a datacenter to, say, heat water for a laundromat or something?
We're currently using waste heat in Denmark from data centres (and other industry including power plants, CHP - Combined Heat & Power) in district heating. Heat up the water and pump it down pipes to people's homes.
My home is for example heated up primarily by a cement factory, a CHP plant, and a waste incinerator.
You would think a laundromat would use waste heat from the dryers to heat their wash water (or even the room) but I've never seen that.
That waste heat is very humid, which causes corrosion and mold issues.
I didn't mean to dump it directly into the indoor airflow.
Clearly dryer exhaust needs to go through a heat exchanger to recover the heat for other uses.
The last company to do this iirc was Motorola in 1997. You can buy them on the secondary market now for about 80 cents.
80 cents for how much initial value?
They're actually around 80 bucks, versus an initial value of a cool hundo. But they also pay out like a 5% coupon rate annually, so if you had bought them in '97 you'd be slightly beating inflation.
A company with $130 billion in cash reserves is floating 100 year bonds.
So much for billionaires reinvesting profits to trickle down in the economy. Now they hold onto profits, calling in suckers to bet for them and not promising results until all of them are dead.
There were some stats floating around after the massive 210-280BN detaxation for rich people here in France, and it was that a whopping 3% was reinvested.
....you know that was always how trickle down eonomics was going to be, right? Ift has never ad will never work
I'm not arguing for trickle down. I'm using their own arguments against them.
We've all heard "it takes money to make money." But rich people know it's better to use other people's money.
This is some true believer shit.
Google launched less than thirty years ago.
At the current rate of deterioration, it's not exactly certain to what extent the planet will be able to sustain human life, much less whether a much loathed spyware company will still be around to pay the bills.
100 year bonds to finance purchase of GPUs that fully depreciate in 5 years?
Not to mention destroying the home GPU market at the same time.
While using massive amounts of power and slurping up tons of drinkable water.
All to produce AI slop that nobody wants.
This is a most excellent place for technology news and articles.
