In nine days, two cloud giants that compete with each other invested $15 billion into the same AI company. Google just committed up to $40 billion in Anthrop...
  • humanspiral@lemmy.ca
    2·
    5 days ago

    Google/Amazon/MSFT circular investments in the big LLMs are all entirely funded in compute credits. Even if they eventually escape profit velocity, it bleeds equity to the mega tech oligarchy, while padding their revenue/stock price growth.