FoxtrotDeltaTango@sh.itjust.works to Technology@lemmy.worldEnglish · 17 hours agoExecs Confused and Horrified by the Huge AI Bills After Thinking They Could Replace Workers for Freefuturism.comexternal-linkmessage-square160linkfedilinkarrow-up1928arrow-down15
arrow-up1923arrow-down1external-linkExecs Confused and Horrified by the Huge AI Bills After Thinking They Could Replace Workers for Freefuturism.comFoxtrotDeltaTango@sh.itjust.works to Technology@lemmy.worldEnglish · 17 hours agomessage-square160linkfedilink
minus-squarePacattack57@lemmy.worldlinkfedilinkEnglisharrow-up9·11 hours agoI’m sure there’s a term for it but this is like when a company keeps securing funding from investors so they keep growing to try to outpace costs with the illusion that you’re profitable when in reality you’re not. Just like WeWork.
minus-squareMasterBlaster@lemmy.worldlinkfedilinkEnglisharrow-up3·8 hours agoPrivate credit. Get ready for the tsunami.
minus-squareEpeeGnome@feddit.onlinelinkfedilinkEnglisharrow-up9·11 hours agoIt’s just a Ponzi scheme with extra steps.
I’m sure there’s a term for it but this is like when a company keeps securing funding from investors so they keep growing to try to outpace costs with the illusion that you’re profitable when in reality you’re not. Just like WeWork.
Venture capital
Private credit. Get ready for the tsunami.
It’s just a Ponzi scheme with extra steps.