I start thinking that the economic growth we have seen in 2025 and this year is mostly due to these kinds of shenanigans. It all gets counted as part of GDP, despite the fact nothing was actually produced.
if you remove the bullshit AI spending we’ve been in a recession for awhile
That’s why measure of GDP is stupid. It counts every transaction. If you do your own lawn, cooked your own food, then you don’t contribute to GDP. But if you hire someone else to do that, then you increase GDP.
Self sufficient communities are bad for the GDP. That’s how they define “developed” country, because you have to pay everyone for everything
The more I learn, the more I get upset just how well the elite sold the scam of the modern world
You’re correct to think that. We’re in a gigantic bubble and when it pops these assholes are going to make it all of our problem.
It’s almost like that scene in Office Space where the guys are trying to figure out money laundering, looking up the definition in the dictionary. Michel then says “What I don’t understand is how these Neanderthal Mafia guys can be so good at crime and smart guys like us can suck so badly at it.” It’s almost like these tech guys watched that scene and said “yeah!”
The circlejerk only continues until the first fella cums
Just burst already ffs.
Oh it’s so much worse than that…
(I can’t figure out how to get a timestamped link on mobile. Skip to 29:34)
Yeah, Anthropic and OpenAI are around a trillion dollars in debt to all these companies, they are never going to be profitable, it is physically impossible for them to do that.
And all these companies have hitched their main business model on AI (for Microsoft it is around 70%), so they will get massively hit when the bubble bursts. They can’t allow that, so they just keep pumping more money into them, making the bubble bigger and bigger.
tbf this is kinda the whole point of capitilism, keep people moving fake bullshit numbers around in a game of artificial scarcity/incentivized greed. meanwhile the oligarchs that actually run things can just have the government write em a blank check as needed
That’s just how markets work. Maybe you need to watch Bluey.
Screw the customers! GTFO customers! We’ll just make money up!
where profit ?
None. It’s a giant 69 hamster ferris wheel
how ? are the transactions free ? how do they move such quantity of money with out loosing some !
It doesn’t exist.
An all digital future is as vapid and has the physical value of a fart.
They are selling you the air you breathe and calling it money because they know if they had to produce the actual cash it would never match the amount they spend.
The French punished the Templars for debt the French couldn’t pay and found the Templar vaults empty.
Weimar Republic printed ALL the money and rendered as worthless as toilet paper by malicious dumbness.
It has all happened before, it is now happening again with the same maliciousness.
Two economists are at a park, and see an old dog turd. One dares the other to eat half of it for $500 which he does. Then he dares his friend to eat the other half for $500. He does.
After a little while, one says to the other “I feel like those dares were pointless. You gave me money to eat shit, and then I gave it back to you for eating shit”.
The other responds, “nonsense, we just grew the economy by $1000!!”
An economist is at a baseball game when he sees a man outraged that a hotdog costs twelve dollars, and a beer costs 20. “I just wanted to have a fun day with my family, but tickets are suddenly 100 dollars! Now this?!”
What an idiot, the economist thinks. Can’t he see the revenue he’s generating?? The economist pays 64 dollars for two hotdogs and two beers, which he immediately drops on the ground, which makes him very happy.
Nvidia gave OpenAI $200b… Same thing happened. Sounds like Sam Altman’s gonna LOVE going to jail 🤭
Everything they’re doing is totally legal, afaik, so jail may not be in the cards. The best we might hope for is drawn and quartered
What they have done has not be determined to be breaking the law yet would be more accurate. The government should have already stepped in to smack them down for anti-trust violations, but with the current pay to play admin I won’t be holding my breath.
Yeah they’re not hiding this in shell corps like a https://en.wikipedia.org/wiki/Tobashi_scheme. It’s out in the open for stupid investors to see and hype themselves over it.
The stock market is literally doing for these companies what Enron had to do for itself
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No it’s probably the 250b you mentioned and I was misremembering!
"CapEx"being laundered to “revenue”.
Very legal and very cool.
It would be so immensely amusing if one of those companies got fined by the EU for something – with the fine calculated from their revenues. That should lead to some interesting fireworks.
Tip to tip.
Well the joke is that openai burned that money, but its more complicated than that.
- Microsoft bought into openai, as in money for shares.
- Openai users burned tokens that were bought from Microsoft for money.
- After that deal Microsoft owns shares in openai and has a big customer that made them revenue for the compute that was used.
Don’t forget that there are potential downsides. Openai burns money like the paper it was printed on, so that investment in shares carries a lot of risk for Microsoft and its shareholders.
if both sides can’t “win” the “AI” race without each other, this strategic partnership is a net benefit for both as long as only one of both sides accepts potentially fatal levels of risk. The both have potential upside which is passed on the shareholders, which we can agree that those are mostly rich people. But so are the investors on all ends, so its never really been our money being passed around, but that of rich people.
And if we look at the share of paying customers of ai services on Lemmy, we can conclude that its even less “our” money. ;)
The money being passed around by the rich is 100% our money. We made them those profits.
If you’re riled up by that money exchange using your dollars, you’re not going to like the bailout to come when their scheme finally collapses.
This seems like money laundering
