Debt owed by tech companies now stands at $1.35 trillion, largely pushed by AI gold rush

[Redaktion]

Tech companies have more than quadrupled their outstanding interest-bearing debt over the past decade, largely due to the ever-increasing demand for and building of AI infrastructure. Some companies, such as Oracle, heavily leveraged in an effort to keep up.

https://www.notebookcheck.net/Debt-owed-by-tech-companies-now-stands-at-1-35-trillion-largely-pushed-by-AI-gold-rush.1146447.0.html

[CuriousDragon]

The whole financial system and wall street is rigged and run by fraudsters.

[A]

The whole AI market will burn down with only the hardware suppliers making any money.

Because so far, nobody has found a way to make money on AI. People are just buying up AI hardware but can't make enough return on it. Those trying to host the hardware are also paying high prices for the hardware but as dedicated processors for AI are made, all the old hardware becomes much less useful

[Finally]

nobody has found a way to make money on AI.

You heard it here first folks, the biggest AI bro on NBC, admitting it.

;)