@RememberTheApollo_@lemmy.world
Post #1067069
2026-04-04 06:00 UTC
Replies (4)
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@greyscale@lemmy.grey.ooo 2026-04-04 11:16
The venture capital is just piles of money in other rich peoples pockets. As I understand it, the AI bubble is funded by massive amounts of saudi oil money anyway. Its kinda like the jokers cash bonfire, but its Sam Altman pleading for more of it while eagerly dousing it in gasoline.
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@UnderpantsWeevil@lemmy.world 2026-04-04 15:41
It's debt stacked on debt. The money isn't real, just the consequences of decades of credit expansion. Now we either deal with a cascading wave of defaults (a la '29, '73, '86, '08, and '23) or we rush in with state credit to bail out all the private lenders. But there's very little real money in real pockets. At the end of the day, it's borrowing power that makes you a billionaire.
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@Rooster326@programming.dev 2026-04-04 15:34
Where do you think the venture capital is coming from? Other rich people. It's all fucking monopoly money once you're that rich
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@badgermurphy@lemmy.world 2026-04-04 06:45
Couldn't happen to a nicer pack of jackals.