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.
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.
Is it borrowed money or is it actually fictional non-existent money?
Both is the same. The only difference might be who is holding the bag in the end.
The money being spent to build data centers, buy equipment and electricity is real. The fact that openAI owe softbank $40bn is real.
The future returns from these present day expenditures are imaginary. Whether softbank get their loan back is speculative. Equity raises are even more so.
Kind of an odd phrase, given that money as a concept is fundamentally both of those things at all times.
You know what? That’s completely fair. We made it up, like the easter bunny.
The easter bunny made up money too?
WHAT? eastern bunnies are made up? you cannot just drop that on a innocent stranger?!
Oops. I-i mean San- nope. I - pay me no attention I’m just a crazy person on the Internet.
I think it’s both. They borrowed money on the future of AI.
Don’t worry, it will be real money when you have to pay your part.
Or is it money that has now been turned into fictional non-existent money, because it was stolen from our own future, where it was previously being held (we thought) safely in trust for us. They’re stealing the money from us. From our taxes, from our government funds and institutions, from our pensions. It’s our money. At least it nominally was, before all this happened. We’re being looted. The robbers are in our vault, they are packing our money into bags labelled “AI” as we speak.