tldr; They used “special-purpose vehicle” to hide the debt. Accounting’s version of “anal doesn’t count, silly”.
I’ve said it before, I’ll say it again…
The country which will win the AI race is the one who wastes the least amount of money on AI infrastructure.
The US will be the biggest loser in this “competition”.
I am actually thinking ask of these companies imploding would be good for the human race.
Imagine a solid hard reset on the internet? Yes please.
Will this fuck me over yes, but that will be temporary
This shit led to the Great Depression… I guess it’ll be a Greater Depression, just on figures alone.
C’mon! With Trump in charge, it has to be The Greatest Depression!
“Yes, this is The Greatest Depression. Nobody has ever seen anything like it. Even the best economists, very smart people, they say to me ‘Donald, Mr President, who could know?’ Nobody could have known this would happen, but they tell me it was caused by Biden. Or Obama. I’ve also asked the FBI to check Hillary’s emails and Hunter’s laptop.”
“They said it could never happen. It could never be done. But I did it. First one in history to trigger such a great depression. The greatest depression.”
great depression led to a ww2, is there please some chance to please not start ww3 please
Oh boy I can’t wait to see the future of every person under 65 and with a net worth below $100 million get basically vaporized from space. I can’t wait to be the bailout source for this… Although I don’t think there’s enough money in existence to bail this one out.
Don’t even talk about bailouts, it’s totally unacceptable this time. These companies ARE NOT essential, and are not too big to fail.
Their debts are by Venture Capitalist investors, and by billionaires from the dot com bom. They have the money to fail.
This time we let them fail.
I WANT TO SEE REPO MEN AND BANK OFFICIALS MARCHING INTO MANSIONS TO RECLAIM THE MONEY.
Let some of these assholes live in trailer parks.
The issue is that they became part of everyone’s 401k so the bootlickers and greedy fucks in Congress will tell us they’re 100% essential because if they fail you lose your retirement.
I hate this system… Redistribution of wealth for the rich, rugged individualism for the pleb.
They aren’t even public companies yet. They are not a part of everyone’s 401ks.
MS, AMZN, Oracle, & NVDA were around before this, and will exist even when the bubble pops. Literally zero reason for a bailout.
There is a very good chance that Oracle doesn’t survive if OpenAI tanks.
I hope Larry Ellison has to sell off his media companies and still has a heart attack in the end. He funds Israel.
Larry Ellison is an even bigger son of a bitch than your standard Israel funder.
Not just content with supporting a genocide, he wants to control all media and human behavior.
Not even to protect his collaborators, but because there’s money in it.
Larry Ellison belongs in prison.
Would be interesting to include anthropic, openai etc in this list
Also nvidia
They’re not public and aren’t forced to report these numbers. But yeah the amount of hidden debt in AI is much higher.
I genuinely am having a hard time believing this because the image looks like it was generated… The kind of reality the .01% has shoved us into.
The image is ai generated, but the numbers from Nikkei aren’t
It was definitely generated by AI.
There’s some serious irony here. The exact type of irony that is distinct to the people forcing the corruption tool’s existence.
