☆ Yσɠƚԋσʂ ☆@lemmy.ml to US News@lemmygrad.mlEnglish · edit-223 days agoHere’s How the AI Crash Happenswww.theatlantic.comexternal-linkmessage-square2linkfedilinkarrow-up118arrow-down10file-textcross-posted to: technology@lemmy.ziptechnology@lemmy.ml
arrow-up118arrow-down1external-linkHere’s How the AI Crash Happenswww.theatlantic.com☆ Yσɠƚԋσʂ ☆@lemmy.ml to US News@lemmygrad.mlEnglish · edit-223 days agomessage-square2linkfedilinkfile-textcross-posted to: technology@lemmy.ziptechnology@lemmy.ml
minus-squarehaui@lemmygrad.mllinkfedilinkarrow-up5·23 days agoSo essentially, meta wants to build a 100 mil datacenter. Private equity has them sign a 10 yr rent contract over the amount plus interest and pays the contractor. This is just circumventing the banking and accounting laws. Its basically fraud.
minus-square☆ Yσɠƚԋσʂ ☆@lemmy.mlOPlinkfedilinkarrow-up4·23 days agovery reminiscent of how the 2008 crash unfolded
So essentially, meta wants to build a 100 mil datacenter. Private equity has them sign a 10 yr rent contract over the amount plus interest and pays the contractor.
This is just circumventing the banking and accounting laws. Its basically fraud.
very reminiscent of how the 2008 crash unfolded