posted in Technology
Banks are now trying to offload the AI data center debt they just underwrote
startupfortune.com/banks-are-now-trying-to-offload-the-ai-data-center-debt-they-just-underwrote/
Replying to @HaraldvonBlauzahn@feddit.org
Yep that’s the biggest sign that the bubble is popping I’ve seen after the OpenAI revenue news, and the CoreWeave bonds.
Replying to @jaykrown@lemmy.world
Don’t worry, if we are in the bubble popping, we will have plenty of dominos falling and each one will have a chorus of techbro cheerleaders proclaiming that umm… actually it’s not a bad thing for whatever contrived reasons.
Replying to @jj4211@lemmy.world
Yea I’ve already gotten responses like that, “this was planned” and other bullshit.
Replying to @jaykrown@lemmy.world
So I was looking at some tech stocks that were showing varying amounts of decline for the week, and saw one that was 20% down. So I clicked the ‘why is it down 20%’ button and the AI response included “but as an AI centric company, it should recover and resume new highs”