This is on top of the $3 trillion in AI debt already accrued. And the number keep multiplying every month it seems. US GDP is 34 trillion, so their debt and spending obligations amount to 15% of gdp. That's a mindbogglingly large amount taken from the rest of the economy.
rvz•32m ago
> This is on top of the $3 trillion in AI debt already accrued. And the number keep multiplying every month it seems.
1) What
So that in total is now about $5.4TN of debt and the tech industry having no idea how to pay for all of that and instead are hiding it on their balance sheets.
They are creating their own 2000 and a 2008 level crisis with AI being the one creating the crash.
All China has to do is to apply more pressure with memory chips and cheaper models.
smb06•47m ago
Isn't a "spending commitment" just another form of debt?
mapping365•55m ago
rvz•32m ago
1) What
So that in total is now about $5.4TN of debt and the tech industry having no idea how to pay for all of that and instead are hiding it on their balance sheets.
They are creating their own 2000 and a 2008 level crisis with AI being the one creating the crash.
All China has to do is to apply more pressure with memory chips and cheaper models.