FoxtrotDeltaTango@sh.itjust.works to Technology@lemmy.worldEnglish · 2 months agoExecs Confused and Horrified by the Huge AI Bills After Thinking They Could Replace Workers for Freefuturism.comexternal-linkmessage-square212linkfedilinkarrow-up11.26Karrow-down16
arrow-up11.25Karrow-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 · 2 months agomessage-square212linkfedilink
minus-squarePacattack57@lemmy.worldlinkfedilinkEnglisharrow-up14·2 months 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-squareEpeeGnome@feddit.onlinelinkfedilinkEnglisharrow-up13·2 months agoIt’s just a Ponzi scheme with extra steps.
minus-squareMasterBlaster@lemmy.worldlinkfedilinkEnglisharrow-up5·2 months agoPrivate credit. Get ready for the tsunami.
minus-squaredarvit@lemmy.darvit.nllinkfedilinkEnglisharrow-up1·1 month agoEveryone is pulling out of private credit, a non-liquid market (by design); surely nothing can go wrong…
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.
It’s just a Ponzi scheme with extra steps.
Venture capital
Private credit. Get ready for the tsunami.
Everyone is pulling out of private credit, a non-liquid market (by design); surely nothing can go wrong…