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Oracle on the hook to pay data centre investors even if site has no electricity

158 points · 154 comments · Betelbuddy

  1. cmiles8 · · focus · HN ↗
    The AI bubble has built a giant interconnected web of commitments backed by a debt bomb. It all flows back to the ability of net new cash to flow in to pay for all this, not just VC funding and circular vendor financing. We’re seeing the early signs of that starting to all implode.
    1. PLenz · · focus · HN ↗
      When new money pays old that's a ponzie scheme
      1. lotsofpulp · · focus · HN ↗
        Most developed countries are ponzi schemes, since they all have old age benefits where new people pay old people.
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