Big Tech Holds $2.4T of Spending Commitments for AI Boom(www.bloomberg.com)
3 pointsby mapping3652 hours ago2 comments
  • mapping3652 hours ago
    This is on top of the $3 trillion in AI debt already accrued. And the number keep multiplying every month it seems. US GDP is 34 trillion, so their debt and spending obligations amount to 15% of gdp. That's a mindbogglingly large amount taken from the rest of the economy.
    • rvzan hour ago
      > This is on top of the $3 trillion in AI debt already accrued. And the number keep multiplying every month it seems.

      1) What

      So that in total is now about $5.4TN of debt and the tech industry having no idea how to pay for all of that and instead are hiding it on their balance sheets.

      They are creating their own 2000 and a 2008 level crisis with AI being the one creating the crash.

      All China has to do is to apply more pressure with memory chips and cheaper models.

  • smb062 hours ago
    Isn't a "spending commitment" just another form of debt?