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Five tech giants are hiding $1.6T in AI debt, using the trick that toppled Enron

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Re: Five tech giants are hiding $1.6T in AI debt, using the trick that toppled Enron

#11

Post by bluefirebrand »

Ekaros wrote: post #8
b3ing wrote: post #6

1929 flashback? We already had a pandemic but no booming times

It has been amazingly booming if you have had money in any market... But poor are forgotten.

Markets might be booming but society sure isn't. Everyone's miserable and burned out and broke.

Re: Five tech giants are hiding $1.6T in AI debt, using the trick that toppled Enron

#12

Post by kolinko »

bluefirebrand wrote: post #11
Ekaros wrote: post #8

Earlier quoted context omitted.

It has been amazingly booming if you have had money in any market... But poor are forgotten.

Markets might be booming but society sure isn't. Everyone's miserable and burned out and broke.

it may depend on where you live and who you hang around with

Re: Five tech giants are hiding $1.6T in AI debt, using the trick that toppled Enron

#13

Post by notjustanymike »

camillomiller wrote: post #7
whalabi wrote: post #5

Is it just me or is this clearly written by Claude? The last heading is literally "The honest version" But otherwise throughout it just reads like Claude wrote it.

It is obvious. It‘s disgusting

It's not just obvious - it's disgusting. And that matters more than you think. - Claude

Re: Five tech giants are hiding $1.6T in AI debt, using the trick that toppled Enron

#14

Post by Avicebron »

kolinko wrote: post #12
bluefirebrand wrote: post #11

Earlier quoted context omitted.

Markets might be booming but society sure isn't. Everyone's miserable and burned out and broke.

it may depend on where you live and who you hang around with

Which usually depends on how much money you make!

Re: Five tech giants are hiding $1.6T in AI debt, using the trick that toppled Enron

#17

Post by pseudohadamard »

zrn900 wrote: post #3

And they are using the special debt vehicle tricks that made the 2008 bubble and the resulting crash. This is an economic nightmare: https://makingsense.quora.com/AI-Bubble-Seems-To-Be-Using-Th...

I love that term "special vehicle", I'll have to use it more often from now on as a Universal Excuse:

"It's not a fatal bug, it's a special vehicle".

"It's not fraud, it's exercising a special vehicle".

"It's not an empty excuse, it's a legitimate special vehicle".

Re: Five tech giants are hiding $1.6T in AI debt, using the trick that toppled Enron

#18

Post by naveen99 »

bluefirebrand wrote: post #11
Ekaros wrote: post #8

Earlier quoted context omitted.

It has been amazingly booming if you have had money in any market... But poor are forgotten.

Markets might be booming but society sure isn't. Everyone's miserable and burned out and broke.

Except most people have general ai for free or $20/month.

Re: Five tech giants are hiding $1.6T in AI debt, using the trick that toppled Enron

#19

Post by breve »

jononor wrote: post #16

Does anyone have a good article on the topic? This one seems rather LLM generated. Not sure the specifics can be trusted... Overall thesis is maybe right, but would like to understand this in a bit more detail.

Linked from the article:

https://news.bloomberglaw.com/tech-and-telecom-law/big-tech-...

Re: Five tech giants are hiding $1.6T in AI debt, using the trick that toppled Enron

#20

Post by bluefirebrand »

naveen99 wrote: post #18
bluefirebrand wrote: post #11

Earlier quoted context omitted.

Markets might be booming but society sure isn't. Everyone's miserable and burned out and broke.

Except most people have general ai for free or $20/month.

That's not really very useful if you're struggling to make rent or put food on the table :/
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