this post was submitted on 23 Jul 2026
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[–] heartSagan5@lemmy.zip 2 points 14 minutes ago (1 children)

This shit led to the Great Depression… I guess it’ll be a Greater Depression, just on figures alone.

[–] sanitation@lemmy.today 1 points 2 minutes ago

great depression led to a ww2, is there please some chance to please not start ww3 please

[–] billwashere@lemmy.world 5 points 39 minutes ago
[–] sartalon@lemmy.world 1 points 33 seconds ago

I am not sure how much to trust this article but what they have been doing is not concealed at all.

They are literally passing the money in a big circle so it looks like actual revenue.

I feel like I'm taking crazy pills that the established marketplace hasn't already torpedo'd the fuck out of it.

They have been spending money like water to try and build data centers but doing such a terrible fucking job of it that they have just managed to piss off every landowner in America because their way of doing business is, "Trust me, bro", then shitting all over the towns they build in, because they think somehow the towns should be grateful that XYZ has a data center there that doesn't absolute fuck all for the actual community.

The demand is so high that tech bros are coming out of the woodwork, just like the dotcom era, trying to get a piece of this pie, but then these tech bros are the reason these large companies are shitty at their job. They don't understand that rural America isn't smoking the jerk off crack that they use to convince middle management to slave for them.

They look at "stakeholder engagement" as some sort of bankrupt woke ideology, then wonder why cities, counties, and states are legislating moratoriums on data centers.

They see the money these idiots are throwing at the problem and just want a piece of the pie. They don't think, "Ooh, I can do that better, faster, stronger..." They think that the want a piece of that revenue. They think they can put together some data center EPC, maybe even with an electric generating component, then turn around and sell the EPC company.

It is snake oil salesmanship from top to bottom.

Every single motherfucker actively trading on these guys are part of the problem.

AI is not the problem, it is the tech bros selling it.

They should all be buried alive in concrete. They are so delusional they don't even think they are doing anything wrong.

[–] Jaysyn@lemmy.world 13 points 1 hour ago (1 children)

This is why they want to get into your 401(k)s & pension funds. Don't let them.

[–] Lost_My_Mind@lemmy.world 4 points 31 minutes ago (1 children)

Oh, I won't.

Mostly because I'm 42, and have no 401k, or pension.

[–] YellowParenti@lemmy.wtf 1 points 4 minutes ago

I'm clutching my 10k tightly. They won't be getting my future 2 weeks of groceries!

[–] beegnyoshi@lemmy.zip 2 points 31 minutes ago* (last edited 24 minutes ago)

140 + 100 + 180 + 100 + 30 does not equal 1350. Not even close. Impossible to put any kind of trust in AI slop

[–] iocase@lemmy.zip 29 points 2 hours ago (3 children)

Oh boy I can't wait to see the future of every person under 65 and with a net worth below $100 million get basically vaporized from space. I can't wait to be the bailout source for this... Although I don't think there's enough money in existence to bail this one out.

[–] DarkCloud@lemmy.world 26 points 1 hour ago* (last edited 1 hour ago) (2 children)

Don't even talk about bailouts, it's totally unacceptable this time. These companies ARE NOT essential, and are not too big to fail.

Their debts are by Venture Capitalist investors, and by billionaires from the dot com bom. They have the money to fail.

This time we let them fail.

I WANT TO SEE REPO MEN AND BANK OFFICIALS MARCHING INTO MANSIONS TO RECLAIM THE MONEY.

Let some of these assholes live in trailer parks.

[–] Lost_My_Mind@lemmy.world 6 points 42 minutes ago

Wait.....too big to fail meant that they're supposed to be important to the CITIZENS??? Fuck that! All these banks and mortgage lenders and automotive industry leaders have all been bailed out as too big to fail.

I never took that to mean that they provide value. I just took it to mean "fuck you peasants, we're big business, and therefore fuck you! Money please! Money me now!"

If I'd have known they meant it was for OUR benefit, I'd have called bullshit 20 years ago.

[–] Asafum@lemmy.world 10 points 1 hour ago (1 children)

The issue is that they became part of everyone's 401k so the bootlickers and greedy fucks in Congress will tell us they're 100% essential because if they fail you lose your retirement.

I hate this system... Redistribution of wealth for the rich, rugged individualism for the pleb.

[–] moustachio@lemmy.world 5 points 1 hour ago (1 children)

They aren’t even public companies yet. They are not a part of everyone’s 401ks.

MS, AMZN, Oracle, & NVDA were around before this, and will exist even when the bubble pops. Literally zero reason for a bailout.

[–] Jaysyn@lemmy.world 4 points 1 hour ago (2 children)

There is a very good chance that Oracle doesn't survive if OpenAI tanks.

https://www.wheresyoured.at/how-openai-kills-oracle/

[–] DarkCloud@lemmy.world 9 points 1 hour ago* (last edited 1 hour ago)

I hope Larry Ellison has to sell off his media companies and still has a heart attack in the end. He funds Israel.

[–] moustachio@lemmy.world 2 points 25 minutes ago

Okay? That still doesn’t mean they should receive a cent of bailout money. They’ve been declining for a while and that’s not the U.S. Taxpayer’s problem.

[–] RIotingPacifist@lemmy.world 2 points 1 hour ago

It's fine SpaceX is pretending to be an AI company (the home of MechaHitler) so won't have the pennies left to gets it's space Vaporizing Centers launched (honestly more feasible than data centers).

🤞maybe this can all end with Saudis releasing footage of Elon moonwalking when the realize there's no money left for the line due to Twitter.

[–] UnderpantsWeevil@lemmy.world 5 points 2 hours ago (1 children)

with a net worth below $100 million

Far fewer than you'd think, once hyperinflation kicks in.

You'll be lucky if you can buy gum for less than $100M at the rate we're climbing.

[–] EvergreenGuru@lemmy.world 2 points 1 hour ago (1 children)

I am selling a used piece of gum for cheap: only $50 million! Buy now while supplies last.

[–] Lost_My_Mind@lemmy.world 2 points 32 minutes ago (1 children)

Well now hang on. Lets not get ahead of ourselves here. We have discuss some core primary facts about this gum before we can determine value.

First off, what brand gum? How much flavor is left? Does it still have enough consistant texture to blow bubbles? You can't just leave these things up in the air.

[–] No1@aussie.zone 1 points 6 minutes ago

Don't worry about that.

I'll lend you the $50M for the gum if you agree to buy $50M of my stuff in the future.

[–] nao@sh.itjust.works 27 points 2 hours ago

Would be interesting to include anthropic, openai etc in this list

[–] Gerudo@lemmy.zip 6 points 1 hour ago (1 children)

I'm not a finance wiz but would that mean these 5 companies are carrying around 3 trillion total debt? My bank won't even let me owe them 20 bucks without penalties.

[–] Lost_My_Mind@lemmy.world 1 points 29 minutes ago

If you owe the bank $100, that's your problem. If you owe the bank $100 million, that's the bank's problem.

I mean, that quote maybe needs to be updated for inflation, but you get the idea.

[–] diocesegoldmine@sh.itjust.works 21 points 2 hours ago (1 children)

I genuinely am having a hard time believing this because the image looks like it was generated... The kind of reality the .01% has shoved us into.

[–] Blackfeathr@lemmy.world 16 points 2 hours ago (2 children)

It was definitely generated by AI.

[–] diocesegoldmine@sh.itjust.works 5 points 55 minutes ago

There's some serious irony here. The exact type of irony that is distinct to the people forcing the corruption tool's existence.

[–] belit_deg@lemmy.world 4 points 1 hour ago

Ugh, those hedgehog smileyfaces can fuck all the way off

[–] someguy3@lemmy.world 15 points 2 hours ago

A Nikkei analysis of financial footnotes at Alphabet, Microsoft, Amazon, Meta, and Oracle found $1.65 trillion in off-balance-sheet obligations tied to AI infrastructure — binding, must-pay commitments parked in the fine print.

...a company creates or partners with a separate legal entity — a special-purpose vehicle (SPV) — that borrows the money and owns the assets. The tech company signs long-term leases or capacity contracts but doesn't record the SPV's debt on its own books.

[–] MushuChupacabra@piefed.world 2 points 1 hour ago