Over the past few weeks, several US banks have pulled off from lending to Oracle for expanding its AI data centres, as per a report.

  • Hanrahan@slrpnk.net
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    1 month ago

    I was listening to a finance YT vid last night and the dude said if it wasn’t for the enormous AI spend, the US would be deep in a technical recession now.

    obviously the fault of immigrants and those on food stamps though /s

      • andallthat@lemmy.world
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        1 month ago

        Ironically the only jobs that Anthropic and OpenAI claim AI won’t take. All those newly minted AI billionaires and nobody to maintain their golf courses… How sad is that?