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"So, you're saying a third of the stock market is tied up in seven AI companies that have no way to become profitable and that this is a bubble that's going to burst...?" (pluralistic.net)

submitted 1 month ago by sundray@lemmus.org to c/fuck_ai@lemmy.world

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CWs: Cory Doctorow, newsletter, mentions of his upcoming book that he's selling.

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[-] lime@feddit.nu 113 points 1 month ago* (last edited 1 month ago)

Microsoft "invests" in Openai by giving the company free access to its servers. Openai reports this as a ten billion dollar investment, then redeems these "tokens" at Microsoft's data-centers. Microsoft then books this as ten billion in revenue.

[...] Nvidia ... "invest[s]" tens of billions in a data-center company, which then spends that investment buying Nvidia chips. The the same chunk of money being energetically passed back and forth between these closely related companies, all of which claim it as investment, as an asset, or as revenue (or all three).

investing back and forth, forever

[-] Gerudo@lemmy.zip 34 points 1 month ago

This is actually kind of scary. These huge tech companies that, for better or worse, form the foundation of modern life, could collapse overnight if the chips fall a certain way.

[-] bjoern_tantau@swg-empire.de 11 points 1 month ago

We should tax financial transactions.

[-] lime@feddit.nu 11 points 1 month ago

i mean, there are no financial transactions in that quote.

[-] Cargon@lemmy.ml 7 points 1 month ago* (last edited 1 month ago)

investing back and forth, forever

[-] ArrrborDAY@lemmy.dbzer0.com 4 points 1 month ago* (last edited 1 month ago)

[-] TheReturnOfPEB@reddthat.com 3 points 1 month ago

Tautologically tautological economics

[-] Valmond@lemmy.world 2 points 1 month ago

Feels like when banks could lend x10 times their wealth, they'd just borrow lots of money forth and back, infinite money (and a good old crash)!

this post was submitted on 27 Sep 2025

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