this post was submitted on 05 May 2026
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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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[–] 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.