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AI's debt binge can't last, hidden borrowing reaches $1.65T

fortune.com

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Re: AI's debt binge can't last, hidden borrowing reaches $1.65T

#91

Post by missedthecue »

darth_avocado wrote: post #59
missedthecue wrote: post #5

As a bystander directly immune to the fortunes of AI going up or down, it does feel like there are a lot more people thinking this is inning 9 of the LLM story than there are people thinking it's inning 3. Which makes it tempting to believe it's probably closer to inning 3.

> As a bystander directly immune to the fortunes of AI going up or down Sorry to break it to you but you are neither immune nor a bystander to the fortunes of AI going down. You are part of it all whether you like it or not.

You're not breaking anything to me. I deliberately phrased it as "directly immune" because I have no financial stake in AI-related companies. Obviously a debt-bomb of any type imploding reverberates across the economy.

Re: AI's debt binge can't last, hidden borrowing reaches $1.65T

#92

Post by vouaobrasil »

boelboel wrote: post #75
bdangubic wrote: post #69

Earlier quoted context omitted.

you can 100% and totally be immune to it

Which type of person is immune to it and where do they live?

I guess if you're older, retired, sufficiently wealthy and have few needs (house paid off, lots of savings, don't care too much about acquiring new tech) then you can easily not be affected.

Re: AI's debt binge can't last, hidden borrowing reaches $1.65T

#93

Post by natebc »

iAMkenough wrote: post #46
kube-system wrote: post #18

Earlier quoted context omitted.

Not only is that not happening, it is currently illegal for the mint to do so. You may have seen the headline recently where Sec. Bessent held up a mockup of a bill printed out on a regular sheet of letter paper[0], and there's bill circulating to change the law, but it will not pass[1]. 0: https://ichef.bbci.co.uk/news/1536/cpsprodpb/97ed/live/f6126... 1: https://www.congress.gov/bill/119th-congress/house-bill/1761

Where my recollection came from: https://www.pbs.org/newshour/politics/u-s-mint-produces-a-1-...

[dead]

Re: AI's debt binge can't last, hidden borrowing reaches $1.65T

#94

Post by esseph »

missedthecue wrote: post #91
darth_avocado wrote: post #59

Earlier quoted context omitted.

> As a bystander directly immune to the fortunes of AI going up or down Sorry to break it to you but you are neither immune nor a bystander to the fortunes of AI going down. You are part of it all whether you like it or not.

You're not breaking anything to me. I deliberately phrased it as "directly immune" because I have no financial stake in AI-related companies. Obviously a debt-bomb of any type imploding reverberates across the economy.

If you have a 401k, you likely have AI investments.

Re: AI's debt binge can't last, hidden borrowing reaches $1.65T

#95

Post by jujube3 »

boelboel wrote: post #75
bdangubic wrote: post #69

Earlier quoted context omitted.

you can 100% and totally be immune to it

Which type of person is immune to it and where do they live?

Homeless people who live in the sewers. But first, you have to learn karate.

Re: AI's debt binge can't last, hidden borrowing reaches $1.65T

#96

Post by jgalt212 »

bdangubic wrote: post #69
darth_avocado wrote: post #59

Earlier quoted context omitted.

> As a bystander directly immune to the fortunes of AI going up or down Sorry to break it to you but you are neither immune nor a bystander to the fortunes of AI going down. You are part of it all whether you like it or not.

you can 100% and totally be immune to it

Silly person didn't you see that film with Ashton Kutcher?

Re: AI's debt binge can't last, hidden borrowing reaches $1.65T

#98

Post by [deleted] »

vouaobrasil wrote: post #92
boelboel wrote: post #75

Earlier quoted context omitted.

Which type of person is immune to it and where do they live?

I guess if you're older, retired, sufficiently wealthy and have few needs (house paid off, lots of savings, don't care too much about acquiring new tech) then you can easily not be affected.

[deleted]

Re: AI's debt binge can't last, hidden borrowing reaches $1.65T

#99

Post by TYPE_FASTER »

missedthecue wrote: post #5

As a bystander directly immune to the fortunes of AI going up or down, it does feel like there are a lot more people thinking this is inning 9 of the LLM story than there are people thinking it's inning 3. Which makes it tempting to believe it's probably closer to inning 3.

> Which makes it tempting to believe it's probably closer to inning 3.

Yeah, this is what I'm thinking. New ways of productizing the technology are still be defined as people are using it. The pricing models are evolving in real-time as the providers figure out what the market will bear.

Re: AI's debt binge can't last, hidden borrowing reaches $1.65T

#100

Post by DeluluDon »

msandford wrote: post #87
nancyminusone wrote: post #84

Earlier quoted context omitted.

be poor (minus electricity, I guess)

If I'm poor I'm still indirectly exposed through the stock market. Employers stock goes down I get fired. Employer has better robotics because of AI? I get fired. Datacenter wants to get built where land is cheap? I get evicted. Just because I'm too poor to own stocks doesn't mean stock prices don't affect me. That's indirect exposure not direct exposure.

I started buying stocks by investing $5 fractional shares each week.

You're never too poor to own stock.

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