posted in Technology
AI is forcing Big Tech to do something it’s never done: Spend more than it earns, and Wall Street hates it
fortune.com/2026/07/23/ai-big-tech-never-spend-more-than-earns-wall-street-hates-it/
FortuneAI is forcing Big Tech to do something it's never done: Spend more than it earns, and Wall Street hates it | FortuneThe Mag7 had its worst day Thursday since the tariff-driven selloff last April.
Replying to @sanitation@lemmy.today
It will be interesting how this plays out. The only bright spot of the bullshit Trump economy is Wall Street’s success and AI investing is what is driving that.
Don’t forget Trump has made oil way more expensive. That’s a huge favor to the world and the things that live on it!
He’s also decimated environmental regulation…so, definitely not a huge favour.
Replying to @excursion22@piefed.ca
Only in the USA. Which is only part of North America. The world is a big place.
Replying to @veroxii@aussie.zone
We all live on earth and climate change is global
Unfortunately, Trump’s walls don’t contain pollution, and industries use that local lack of regulation to lobby other governments, as in, “look, we can do that in the US, why can’t we do it here?”