this post was submitted on 05 May 2026
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208
Banks seek to offload risk to avoid ‘choking’ on data centre debt (www.ft.com)
submitted 2 days ago by sanitation@lemmy.radio to c/technology@lemmy.world
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[–] BrightCandle@lemmy.world 48 points 2 days ago (3 children)

This AI bubble is going to take so much of the economy with it and I can't help but think we are all going to be paying to keep "too big to fail" businesses that clearly knew it was a bubble but invested anyway because the public would pay if it went side ways.

[–] a_wild_mimic_appears@lemmy.dbzer0.com 12 points 2 days ago

Nah, AI Corpos are not too big to fail. A lot of Money has been dumped into this hole, but it's irrelevant for keeping the economy itself running. Oracle will not survive its stupid deal with OpenAI tho when the venture capital dries up and Altman can't pay for Stargate Abilene.

[–] Corkyskog@sh.itjust.works 14 points 2 days ago (1 children)

Hanta Virus going transmissable, oil shock already as big as COVID from the war... Going to be a bad summer.

[–] Ensign_Crab@lemmy.world 12 points 2 days ago

Fucking Hantavirus?

looks it up

First case is on a cruise ship. What a surprise.

[–] Tollana1234567@lemmy.today 4 points 2 days ago (1 children)

also the massive loss of jobs, from the layoffs in favor of using AI is probably worst than 08 crash anyways.

[–] Voroxpete@sh.itjust.works 6 points 2 days ago

Very few of the job losses attributed to AI are really because of AI. Mostly it's just a bloated tech sector shedding weight and using AI as an excuse because it plays well with shareholders. The reality is that they over-hired when credit was cheap and now they're looking at their bottom lines and trying to find ways to be more efficient.