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154

A.I. Is Running on Borrowed Money (www.nytimes.com)

submitted 7 hours ago by Some_Emo_Chick@lemmy.world to c/technology@lemmy.world

25 comments fedilink hide all child comments

Risk is rising as big tech companies like Oracle — the ultimate financial source of the Ellison media empire — need to turn to the bond market for staggering sums to finance data centers.

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[–] Reygle@lemmy.world 64 points 6 hours ago (4 children)

Is it borrowed money or is it actually fictional non-existent money?

[–] impairedimperator@lemmy.zip 24 points 5 hours ago (1 children)

Kind of an odd phrase, given that money as a concept is fundamentally both of those things at all times.

[–] Reygle@lemmy.world 11 points 5 hours ago (1 children)

You know what? That's completely fair. We made it up, like the easter bunny.

[–] eleijeep@piefed.social 5 points 50 minutes ago

The easter bunny made up money too?

[–] pelespirit@sh.itjust.works 31 points 6 hours ago

I think it's both. They borrowed money on the future of AI.

[–] Valmond@lemmy.dbzer0.com 11 points 5 hours ago

Don't worry, it will be real money when you have to pay your part.

[–] cecilkorik@lemmy.ca 6 points 4 hours ago* (last edited 4 hours ago)

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.