A group of Amazon employees spoke out against unfettered AI infrastructure expansion at a Seattle Land Use and Sustainability Committee hearing this week.
Yeah, it’s a nation wide hail Mary project for the rich. Either AI works and it launches them beyond the competition or China passes USA, becomes the new superpower and things get bad anyway. The bottom 99% is going to suffer anyway.
Geo-politics and global trade is not a zero-sum game. In fact trade is one of the earliest and most prevalent examples of a non-zero sum game that benefits all parties and creates the environment necessary for long-term peaceful relations.
It can create the environment, but doesn’t make it inevitable. People still do boneheaded moves for more money or power. Russia did invaded Ukraine because it thought trade dependencies would rule out sanctions and counteractions.
Well you see all the big tech are “loaning” money and making promises to buy from each other. Sure they aren’t actually exchanging money but when one loans to another and then that company promises to buy similar amount of hardware from the loaning company… you get a nice gift going and stock for both surges.
200 billion? Where did they even get that much money?
Debt. Unbelievably huge mountains of debt that’ll come due sooner or later.
There is probably a reuters article that breaks it down, I just got back on after they put up a paywall, then cancelled it at some point idk.
But Jesus Christ, 200 billion is astronomical. Idk the numbers for amazon, but they can’t service that debt well.
Yeah, it’s a nation wide hail Mary project for the rich. Either AI works and it launches them beyond the competition or China passes USA, becomes the new superpower and things get bad anyway. The bottom 99% is going to suffer anyway.
Geo-politics and global trade is not a zero-sum game. In fact trade is one of the earliest and most prevalent examples of a non-zero sum game that benefits all parties and creates the environment necessary for long-term peaceful relations.
It can create the environment, but doesn’t make it inevitable. People still do boneheaded moves for more money or power. Russia did invaded Ukraine because it thought trade dependencies would rule out sanctions and counteractions.
Well you see all the big tech are “loaning” money and making promises to buy from each other. Sure they aren’t actually exchanging money but when one loans to another and then that company promises to buy similar amount of hardware from the loaning company… you get a nice gift going and stock for both surges.
It’s like whose line is it anyway but for money.