this post was submitted on 07 Mar 2026
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Over the past few weeks, several US banks have pulled off from lending to Oracle for expanding its AI data centres, as per a report.

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[–] HazardousBanjo@lemmy.world 66 points 1 day ago (2 children)

AI, at this point, seems to have been the single largest scam and money laundering scheme in history.

[–] namingthingsiseasy@programming.dev 12 points 1 day ago (1 children)

So far! Don't worry, Silicon Valley will think of another new, even bigger scam in no time!

[–] nlgranger@lemmy.world 5 points 1 day ago

I believe the war industry will take it over for the next turn.

[–] corsicanguppy@lemmy.ca 12 points 1 day ago (1 children)

At least the banks are figuring out what we knew long ago.

You'd think they learned from the dotcom bubble and the hundred other times they gambled and lost. I guess it doesn't matter when you just get paid back with taxpayer money.