Big Tech is hiding $1.65tn in off-balance-sheet AI debt
thenextweb.com/news/tech-giants-hidden-off-balance-sheet-debt-ai
Replying to @chobeat@lemmy.ml
We’re all witnessing a terrifying game of musical debt. At some point the music is going to stop.
Replying to @neuracnu@lemmy.blahaj.zone
And the chair gets pulled out and the public is left on their ass with the debt. Privatize profits, socialized losses.
Replying to @neuracnu@lemmy.blahaj.zone
Theor goal is to make sure retail 401ks don’t get the last seat.
Replying to @massacre@lemmy.world
It’s absolutely crazy to me how many people are investing their 401ks in AI. If you’re gonna gamble away your savings on tech bros, then there’s a much better investment…
Replying to @explodicle@sh.itjust.works
As if most people self-manage their 401ks, it’s almost always managed by the holding company unless someone does a PCRA or something along those lines.
Replying to @neuracnu@lemmy.blahaj.zone
Isn’t that exactly like buying houses in 2008?