cross-posted from: https://quokk.au/c/technology/p/732769/oracle-layoffs-tech-giant-to-slash-30000-jobs-as-banks-pull-out-from-financing-ai-data-centr
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.
It’s happening !!!
What is happening?
Yeah 20% of US GDP is in a.i. datacenters , this should be interesting.
That’s just blatantly false. A pants on fire lie.
If it crashes maybe the interest rates will drop and normal people can buy things again
Pop pop pop
Ohhhh… well, probably not a pop but a slow deflation down to a more reasonable size.
Once a bubble is inflated, it never deflates slowly. You can inflate everything else. But the only way a bubble reduces is by popping.
That said, I don’t think it’s happening right now.