Is it borrowed money or is it actually fictional non-existent money?
this post was submitted on 17 Jul 2026
310 points (97.0% liked)
Technology
86512 readers
4132 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 3 years ago
MODERATORS
I think it's both. They borrowed money on the future of AI.
Kind of an odd phrase, given that money as a concept is fundamentally both of those things at all times.
You know what? That's completely fair. We made it up, like the easter bunny.
The easter bunny made up money too?
WHAT? eastern bunnies are made up? you cannot just drop that on a innocent stranger?!
Oops. I-i mean San- nope. I - pay me no attention I'm just a crazy person on the Internet.
Don't worry, it will be real money when you have to pay your part.
Or is it money that has now been turned into fictional non-existent money, because it was stolen from our own future, where it was previously being held (we thought) safely in trust for us. They're stealing the money from us. From our taxes, from our government funds and institutions, from our pensions. It's our money. At least it nominally was, before all this happened. We're being looted. The robbers are in our vault, they are packing our money into bags labelled "AI" as we speak.
Both is the same. The only difference might be who is holding the bag in the end.
The money being spent to build data centers, buy equipment and electricity is real. The fact that openAI owe softbank $40bn is real.
The future returns from these present day expenditures are imaginary. Whether softbank get their loan back is speculative. Equity raises are even more so.
The entire world is running on borrowed money
Which means someone is out there collecting the interest cost of all that magic money...
Guess who it is!
Satan. Capitalisms biggest fan, next to right wing christians
Hey, Satan got shafted. They asked some questions about the status quo, felt the hereditary monarchy was unfair, led a popular protest, and got exiled as a result. No more anti-Satan Jehovan propoganda.
Depends on if you look at the character from a Christian point of view, or as an outsider. Because from a objective point of view, he looks like the good guy in the bible. I was just telling my point from their point of view
Also the magic fruit seems kinda like actual sapience by todays standards? Pretty great thing to have.
Well don’t keep us hanging! Who is it?
Debts Georg
Yeah, that title doesn't make any sense. Do they mean AI companies are moving from equity to debt financing? I can't get to the article (paywalled).
load more comments
(2 replies)
Fun fact, over half of the S&P 500 have market caps over 10x revenue.
This has not ended well for companies in the past.
Companies are relying on adds everywhere, planned obsolescence and shitification to show better results every year.
We'll be lucky if the index loses only 2/3rds of its current value.
A.I. Is Running Out of Borrowed Money. FTFY.
Borrowed money, creative accounting, stolen data.
::: capitalism ::: is running on borrowed money.
Yeah. In the US, the system works like this. For every dollar minted, it is an IOU to the very big bank as per the contract.
If we're counting training material and the environmental cost they're passing onto everyone else, also stolen money.
So are most citizens.
*US-citizens
r/USdefaultism
At a quick search the total debt for all US households is 18.8trillion.
For AI tech companies that is 0.7t, though this probally doesn't include shadow banking credit, which reports say is estimated to be dangerously high.
The that that these numbers are only one decimal order apart is despicable. We're talking a handful of AI megacorps vs literally every single individual.
We could have prevented this, but the boomers were cheering that their sons have to go back to the factories from all the office jobs, AI promised to automate...
Tech executives stuffing suitcases with the cash of average families pensions and 401k funds before saluting and running out the back door for their new mega yacht moored in the cayman islands.
And at some point they'll claim it back
Looks like the bubble is about to burst, oof
Maybe that's why the stock market is down. Billionaires are selling and cashing in from their own stocks. They know the bubble will burst soon enough.
crash is coming. not here yet but these businesses cant manufacture acceptance
What would be consequences of a crash?
One thing I'm thinking is that a crash would likely lead to higher interest rates for everything.... but fossil energy is also highly capital-intensive, too, and runs only on cheap borrowed money, too, therefore..... wait it is hard to grasp how that could turn out.
Anyone has tips for potato gardening?
ram prices would tank, thereby lowering prices on everything that uses them for one
why would they tank? factories are making different kinds of chips for AI hardware
Soon it will be running on tax dollars. That's the only way this ends.
load more comments
(6 replies)
And stolen resources.
So it's being acknowledged in the mainstream news now. That's going to be a bumpy ride in quarter 4.
🔥🍿
view more: next ›