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A.I. Is Running on Borrowed Money
(www.nytimes.com)
Is it borrowed money or is it actually fictional non-existent money?
I think it's both. They borrowed money on the future of AI.
Kind of an odd phrase, given that money as a concept is fundamentally both of those things at all times.
You know what? That's completely fair. We made it up, like the easter bunny.
The easter bunny made up money too?
WHAT? eastern bunnies are made up? you cannot just drop that on a innocent stranger?!
Oops. I-i mean San- nope. I - pay me no attention I'm just a crazy person on the Internet.
Don't worry, it will be real money when you have to pay your part.
Or is it money that has now been turned into fictional non-existent money, because it was stolen from our own future, where it was previously being held (we thought) safely in trust for us. They're stealing the money from us. From our taxes, from our government funds and institutions, from our pensions. It's our money. At least it nominally was, before all this happened. We're being looted. The robbers are in our vault, they are packing our money into bags labelled "AI" as we speak.
Both is the same. The only difference might be who is holding the bag in the end.
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The entire world is running on borrowed money
Which means someone is out there collecting the interest cost of all that magic money...
Guess who it is!
Satan. Capitalisms biggest fan, next to right wing christians
Hey, Satan got shafted. They asked some questions about the status quo, felt the hereditary monarchy was unfair, led a popular protest, and got exiled as a result. No more anti-Satan Jehovan propoganda.
Depends on if you look at the character from a Christian point of view, or as an outsider. Because from a objective point of view, he looks like the good guy in the bible. I was just telling my point from their point of view
Also the magic fruit seems kinda like actual sapience by todays standards? Pretty great thing to have.
Well don’t keep us hanging! Who is it?
Debts Georg
Yeah, that title doesn't make any sense. Do they mean AI companies are moving from equity to debt financing? I can't get to the article (paywalled).
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What's cool is we'll soon be propping these shitbags up with tax money, so the whole thing doesn't go bankrupt.
Too big to fail. Privatize the profits, socialize the losses. Unless we can vote in enough representatives that won't put up with that absolute bullshit.
We can also mobilize, and get very armed as a deterrent to illegal violence towards protestors.
Yeah, this is exactly the problem with monopolies. They got too big to fail and they expect a fucking bail out from the taxpayers every time.
We should let them fail. We should break them up in a smaller pieces. The pieces that don’t make any money disappear. The ones that have some financial stability should continue to exist.
But the true purpose of capitalism is efficiency through Consolidation. The only way to limit capitalisms damaging affects is by regulation. Which will never happen in our current environment because the capitalist oligarch scumfucks bought all parts of the government in order to continue to receive free money from the banks and the government when they fuck up.
Oh by the way, they also want to take all the proceeds from their ludicrous stoxk valuations when the stock market is good and they want to take your pension fund when the stocks tank because they fucked up and spent all of everyone else’s money.
Maybe if we don’t pay them out this time private equity will learn something and stop buying and ruining companies in order to invest the ridiculous proceeds into stupid risky speculation on unproven technology.
You mean we’ll be in the streets when they try to right? Because just being defeatist about it is an absolute pathetic take.
No worries, it's only American tax payers footing the bill and they voted for this.
People in the rest of the world will also be affected for at least two reasons:
- Pension funds throughout the world is invested in US big tech, and if these companies fall in value, so will their pensions.
- A financial crisis caused by US big tech could cause a US recession which will also damage the economies of the rest of the world.
As I've pointed out elsewhere pension funds may be exposed to AI but the money in your personal fund doesn't need to be. If you haven't already moved your retirement investment out of shares then see if that's possible. I've changed mine to conservative settings already and looking at the list its mainly in cash, property, farming and a few manufacturers now with no tech stocks at all. That seems a sensible mix for when the market collapses this time around.
You can make a change like this? Wow, I’ll have to look into if my fund can do this
Borrowed money, creative accounting, stolen data.
Fun fact, over half of the S&P 500 have market caps over 10x revenue.
This has not ended well for companies in the past.
We'll be lucky if the index loses only 2/3rds of its current value.
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::: capitalism ::: is running on borrowed money.
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.
If we're counting training material and the environmental cost they're passing onto everyone else, also stolen money.
Tech executives stuffing suitcases with the cash of average families pensions and 401k funds before saluting and running out the back door for their new mega yacht moored in the cayman islands.
Soon it will be running on tax dollars. That's the only way this ends.
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A.I. Is Running Out of Borrowed Money. FTFY.
Looks like the bubble is about to burst, oof
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So are most citizens.
*US-citizens
r/USdefaultism
At a quick search the total debt for all US households is 18.8trillion.
For AI tech companies that is 0.7t, though this probally doesn't include shadow banking credit, which reports say is estimated to be dangerously high.
The that that these numbers are only one decimal order apart is despicable. We're talking a handful of AI megacorps vs literally every single individual.
We could have prevented this, but the boomers were cheering that their sons have to go back to the factories from all the office jobs, AI promised to automate...
crash is coming. not here yet but these businesses cant manufacture acceptance
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So it's being acknowledged in the mainstream news now. That's going to be a bumpy ride in quarter 4.
And at some point they'll claim it back
🔥🍿
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this post was submitted on 17 Jul 2026
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