Alphaville is free access. Just create a free account.

  • theneverfox@pawb.social
    link
    fedilink
    English
    arrow-up
    17
    ·
    21 hours ago

    I think they’re too big to bail out at this point

    Also, no one wants US bonds right now, so we couldn’t borrow our way out of it even if we wanted to. We’d just have to print like a trillion or more dollars all at once

    • humanspiral@lemmy.ca
      link
      fedilink
      English
      arrow-up
      2
      arrow-down
      3
      ·
      15 hours ago

      The only possible customer for committed datacenter projects is the US government. the bailout is just buying all the datacenter time… because if not, China wins. Amazon, despite no congressional appropriations yet, has announced $50B datacenter to supply government customers.

      • matlag@sh.itjust.works
        link
        fedilink
        English
        arrow-up
        5
        ·
        15 hours ago

        China wins what? Except if they already won by far, they have similar AI, with similarly high costs and similarly low value, similarly not worth it. Either they also invest big and will crash just as hard, or they don’t and they’re just enjoying the show of US suiciding its economy through AI.

        • humanspiral@lemmy.ca
          link
          fedilink
          English
          arrow-up
          3
          ·
          10 hours ago

          If you ever stream cable news in the background during business hours. experts will come on to tell you that if the US doesn’t bankrupt itself, then Russia or China wins. The only remaining hope for US economy seems to be to beat China at AI, because it can’t beat it at anything else. So, all the money for military, and AI to help military make Skynet, which will mostly be used to ensure establishment can control/kill Americans who don’t support Skynet for Israel supremacist rule over the US, is simply a continuation of the tautology of “all US money for militarist US establishment control over all of you”, but with more efficient AI.