The more I learn about the finances of the whole AI boom the clearer it becomes that it’s debt piled on debt piled on debt. Everyone is leveraged to the hilt and there is so much creative accounting ongoing it’s absurd. When this thing blows — and it will — it’s going to tear down everything and everyone. If you think you’re not exposed you just don’t see it yet.
A.I. Is Running on Borrowed Money
Submitted 4 weeks ago by Zaelaa@lemmy.zip to nyt_gift_articles@sopuli.xyz
redlemace@lemmy.world 4 weeks ago
Borrowed means you will get it back… I’ll leave that here
altphoto@lemmy.today 4 weeks ago
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