Thread

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

158 points · 154 comments · Betelbuddy

cmiles8 · 1790335566 · 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 · 1790336637 · focus · HN ↗
  When new money pays old that's a ponzie scheme
  1. mitxela · 1790338258 · focus · HN ↗
    You're calling the stock market a Ponzi scheme?
    nrclark · 1790339447 · focus · HN ↗
    As currently practiced, yes. Non-dividend non-voting shares might as well be pokemon cards. Their only real value lies in getting somebody else to buy them, and new money has to flow in from the outside. The question isn't "will it collapse?", it's "when?"
    cmiles8 · 1790340762 · focus · HN ↗
    By your logic buying a house is a Ponzi scheme too.
    gspr · 1790341561 · focus · HN ↗
    My god, this is the most HN comment of the day. You do know that most normal people buy a house not to resell it at profit, but to have a place to live, right?
    cmiles8 · 1790342591 · focus · HN ↗
    The point is it has value and can be resold later to get your capital back. Housing tends to be a mediocre investment at best but folks do generally expect to be able to get their capital back when selling.

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