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▲Five tech giants are hiding $1.6T in AI debt, using the trick that toppled Enron (thenextweb.com)
98 points by arto 1 days ago | 19 comments
jononor 19 hours ago [-]
Does anyone have a good article on the topic? This one seems rather LLM generated. Not sure the specifics can be trusted... Overall thesis is maybe right, but would like to understand this in a bit more detail.
breve 15 hours ago [-]
Linked from the article:

https://news.bloomberglaw.com/tech-and-telecom-law/big-tech-...

b3ing 1 days ago [-]
1929 flashback? We already had a pandemic but no booming times
Ekaros 1 days ago [-]
It has been amazingly booming if you have had money in any market... But poor are forgotten.
bluefirebrand 1 days ago [-]
Markets might be booming but society sure isn't. Everyone's miserable and burned out and broke.
kolinko 24 hours ago [-]
it may depend on where you live and who you hang around with
Avicebron 24 hours ago [-]
Which usually depends on how much money you make!
naveen99 15 hours ago [-]
Except most people have general ai for free or $20/month.
bluefirebrand 13 hours ago [-]
That's not really very useful if you're struggling to make rent or put food on the table :/
nyc_data_geek1 12 hours ago [-]
You can't eat AI slop
cyanydeez 1 days ago [-]
nah, more recent is dotcom bust. lots of circular funding on ephemeral services that have zero physical basis or equates to real gdp output.
whalabi 1 days ago [-]
Is it just me or is this clearly written by Claude?

The last heading is literally "The honest version"

But otherwise throughout it just reads like Claude wrote it.

camillomiller 1 days ago [-]
It is obvious. It‘s disgusting
notjustanymike 24 hours ago [-]
It's not just obvious - it's disgusting. And that matters more than you think. - Claude
ChrisArchitect 1 days ago [-]
Discussion on source: https://news.ycombinator.com/item?id=48987863
zrn900 1 days ago [-]
And they are using the special debt vehicle tricks that made the 2008 bubble and the resulting crash. This is an economic nightmare:

https://makingsense.quora.com/AI-Bubble-Seems-To-Be-Using-Th...

pseudohadamard 17 hours ago [-]
I love that term "special vehicle", I'll have to use it more often from now on as a Universal Excuse:

"It's not a fatal bug, it's a special vehicle".

"It's not fraud, it's exercising a special vehicle".

"It's not an empty excuse, it's a legitimate special vehicle".

solumunus 1 days ago [-]
I’m glad we have a competent and trustworthy administration to guide us through this inevitable collapse.
cwmoore 1 days ago [-]
I am offering NFTs for https://ouruboroi.com/qr/9d1c15

How do you think I got this island?

n64controller 23 hours ago [-]
[dead]
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