“Official” inflation now at 4.2%
Your wages increasing by 3.4%….
Real inflation closer to 7-10%
Your wages increasing by 3.4%….
Real inflation closer to 7-10%
Money & Economics
- Thread starter bigredfish
- Start date
This is actually pretty big
$157B OpenAI valuation couldn't convince a bank to back a $6B loan.
That gap isn't happenstance. It's a market telling you the number and reality aren't aligned.
$157B OpenAI valuation couldn't convince a bank to back a $6B loan.
That gap isn't happenstance. It's a market telling you the number and reality aren't aligned.
)
We're fucked. AI needs HUGE investment and has little revenue. It will be that way for quite a while.
Many AI companies will fail because they wont be able to generate enough revenue to offset the costs.
Just like 1999-2000
The Government has no business investing my tax $$$ in private businesses.
That's called Socialism.
So unless you're a fucking hypocrite who says "Socialism Bad but its OK for .Gov to own private companies", entire industries even, you should be against this.
Many AI companies will fail because they wont be able to generate enough revenue to offset the costs.
Just like 1999-2000
The Government has no business investing my tax $$$ in private businesses.
That's called Socialism.
So unless you're a fucking hypocrite who says "Socialism Bad but its OK for .Gov to own private companies", entire industries even, you should be against this.
mat200
IPCT Contributor
- Jan 17, 2017
- 18,999
- 31,787
somehow there is an article circulating that states China gonna spend a boat load of money on AI Data Center buildout ..
probably a part of this economic ware game between the USA and China .. attempts to out spend each other on AI Data Centers and tech.
issue is that China has cheaper labor, land, and one party CCP rule which should mean they can build out their data centers quickly as they are also the source of a lot of the power / HVAC generation manufacturing.
The Chinese AI could be good enough for the price to gain many more customers than the USA
probably a part of this economic ware game between the USA and China .. attempts to out spend each other on AI Data Centers and tech.
issue is that China has cheaper labor, land, and one party CCP rule which should mean they can build out their data centers quickly as they are also the source of a lot of the power / HVAC generation manufacturing.
The Chinese AI could be good enough for the price to gain many more customers than the USA