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posted in Technology

eicker@eicker@lemmy.world
⁨6⁩d

AI Bubble Teetering on the Brink as OpenAI Admits to Massive Financial Failure: A $20 billion setback.

futurism.com/future-society/ai-financial-bubble-openai-billions-failure
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badgermurphy@badgermurphy@lemmy.world
⁨6⁩d

Replying to @⁨eicker@lemmy.world⁩

I think they may have located a more extreme, even dumber business category than “too big to fail”: “too big to bail out”.

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bedwyr@bedwyr@piefed.ca
⁨6⁩d

Replying to an earlier post

Unfortunately, nothing is too big to bail for these clowns in power, borrowing money on America’s Credit is like their reason for being, all the lawmakers save few as well as the administration that will of course need to be bribed and paid a percentage of all bail out money.

I bet they can hit 70 trillion in debt by 2029.

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badgermurphy@badgermurphy@lemmy.world
edited⁨6⁩d

Replying to @⁨bedwyr@piefed.ca⁩

I don’t think they can get away with printing the amount of money this will take, but I guess we’ll see. Either way they go, the global economy will have to be rebuilt from the debris.

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MagnificentSteiner@MagnificentSteiner@lemmy.zip
⁨5⁩d

Replying to @⁨badgermurphy@lemmy.world⁩

Most money isn’t printed anymore. It’s digital and is created by banks when they lend it.

⁨Oct⁩ ⁨10⁩, ⁨2026⁩, ⁨07:36⁩en
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