No reason to go to the link unless you’re in IT in some way, but someone mentioned in that convo that AI companies are floating loans for 100’s of millions to build data centers…no problrm right? Is that the theme from Jaws?
But thats not all; they’re using the processor chips as collateral! Think how fast those lose value, add in a looming CRE/CMBS disaster we’ve mentioned many times, then consider that if they miss a payment the note-holder will have what recourse? Some outdated Nvidia graphics cards to repo.
It’s like they’re purposely setting out to nuke the future economy.
Perhaps to fuck long holders over? And retirees? And set them at each other?
The only answer I can summon is that the powers think that the economy will end soon and are grabbing everything they can in a panic.
This is the best summary I could come up with:
Kettle The price of everything is going up because corporations gotta corp and produce record profits year after year.
That means you and I are expected to cough up more.
If it’s not Microsoft hiking subscriptions, or bulking them up with AI, or slipping ads into Windows, it’s Broadcom adding zeroes to IT orgs’ annual costs.
For this latest episode of Kettle, in which our vultures speak their brains on the week’s news, our Asia-Pacific editor Simon Sharwood is joined by our systems editor Tobias Mann, our editor Chris Williams, and your host Iain Thomson.
You can watch above, or listen via: RSS and MP3, Apple, Amazon, and Spotify.
With lots of food for thought, feel free to add your own views in the forum below.
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