this post was submitted on 17 Jul 2026
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204
A.I. Is Running on Borrowed Money (www.nytimes.com)
submitted 11 hours ago by Some_Emo_Chick@lemmy.world to c/technology@lemmy.world
41 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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[–] pr06lefs@lemmy.ml 34 points 9 hours ago (3 children)

What's cool is we'll soon be propping these shitbags up with tax money, so the whole thing doesn't go bankrupt.

[–] moustachio@lemmy.world 6 points 3 hours ago

You mean we’ll be in the streets when they try to right? Because just being defeatist about it is an absolute pathetic take.

[–] SaharaMaleikuhm@feddit.org 5 points 4 hours ago (1 children)

No worries, it's only American tax payers footing the bill and they voted for this.

[–] Curiositymonger@reddthat.com 3 points 4 hours ago (1 children)

People in the rest of the world will also be affected for at least two reasons:

  1. Pension funds throughout the world is invested in US big tech, and if these companies fall in value, so will their pensions.
  2. A financial crisis caused by US big tech could cause a US recession which will also damage the economies of the rest of the world.
[–] neutronbumblebee@mander.xyz 2 points 2 hours ago (1 children)

As I've pointed out elsewhere pension funds may be exposed to AI but the money in your personal fund doesn't need to be. If you haven't already moved your retirement investment out of shares then see if that's possible. I've changed mine to conservative settings already and looking at the list its mainly in cash, property, farming and a few manufacturers now with no tech stocks at all. That seems a sensible mix for when the market collapses this time around.

[–] Curiositymonger@reddthat.com 1 points 1 hour ago

You can make a change like this? Wow, I’ll have to look into if my fund can do this

[–] dan1101@lemmy.world 18 points 9 hours ago (1 children)

Too big to fail. Privatize the profits, socialize the losses. Unless we can vote in enough representatives that won't put up with that absolute bullshit.

[–] moustachio@lemmy.world 2 points 3 hours ago

We can also mobilize, and get very armed as a deterrent to illegal violence towards protestors.