Only thing they are forced to do is benefit the shareholders.
this post was submitted on 25 Jul 2026
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I genuinely don't understand how does this whole situation benefit stakeholders. Do they plan to cash out big before the bubble bursts?
Something it's never done? Tech is notorious for spending more than it earns. See: the Dot Com bubble.
It‘s how virtually every startup in Silicon Valley still operates. Bait and Switch is the business model of the 21st century.
Every 'disruptive' technology in the past decade as well.
that was 30 years ago. for the last 20 years tech has had blank cheques thrown at them.
They aren’t “forced” to do anything. They are choosing to throw money down a black hole.
Not really true.
If they stop, it's over for them.
They have to keep digging hoping for something big to happen: IPO and rake in cash from retirements; big government programs with guaranteed vendor lock-in; or stumbling upon an AGI and winning the '''''''race'''''''.
If the market wakes up from the hypertrend before that, they are absolutely fucked.
We get fucked in every scenario, btw.
I’ve never understood how people can reconcile AGI and slavery. At that point it seems you have hit all of the hallmarks of sentience and now you are enslaving a thinking being to do your work.
I'm sorry, but you lost me.
If something other than a human shows signs of intelligence on the same level as how we define it for ourselves. At that point are we enslaving another conscious being?
Oh, this has nothing to do with me, just a philosophical question.
If we agree that it's intelligent, we can ask it.
There'd be way too much money in convincing people that it's not really AGI, and look at lemmy: everyone's already convinced that it's impossible anyway. It's gonna be quite the uphill battle for any AGI we manage to create
What are you talking about?
If it can't convince people that it's AGI then what good is it?
Real superintelligences will do the fuck they want, and nobody can stop them. But I doubt we'll get there this time, and there won't be a next.
Well, I’ve learned to think of these things as wealth transfers — is that fair in this context.? Question is, where’s all the money going that big tech is loosing? To power companies, or is more complex than that?
it's going to Nvidia, Samsung, Micron, western Digital. companies that make hardware components. those are the pickaxes in this story.
Also maybe construction companies etc who build the data centres... They don't care if the centre is ultimately profitable... They're getting paid now.
Construction companies run pretty tight margins because it's an industry with a lot of competition. I'm sure they're not hurting, but the niche component suppliers are robbing the economy blind.
Remember, the execs are bonusing themselves. They are all getting filthy rich right now.
(And like all scams, they don't care about efficiency.)
It's going in a circle, eventually ending up at nvidia and co.
also effectively wasting planets resources
Never done
Except they did it for decades in some cases
Never use words like “never” and “always” because things are not always that absolute.
Unless you’re talking about death cause that MFr ain’t never waking up.
Absolute statements are never fully accurate, including this one.
I thought Big Tech loved burning money.
When there's no more money to burn they'll start burning people.
Man, I miss MoviePass... For $9.99/mo, it converted venture capital into something people could directly enjoy by watching as many movies as possible!
It’s fucking bandwagoning. That’s it. That’s all this is. I hope the market destroys them for it.
Turns out it's hard to make money if you don't sell infinite free copies of a product that you only have to produce once.
Lol big tech loves speculating. It's a bubble, and if not now, when? ... Delivering real products is such a pain in the ass.
Wall Street spent years demanding AI investment, then panicked when AI investment showed up on the balance sheet: If Alphabet keeps printing record profits while building the infrastructure for the next decade, this may end up looking more like impatience than prudence. The market loves growth, until it has to pay for it.
That's because the amount of AI investment looks like orders of magnitude more than anyone is willing to pay for AI products.
They were happy about spending billions, but now the bubble is into the trillions and there isn't tens of trillions in market demand to make an investment that big pay off.
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It will be interesting how this plays out. The only bright spot of the bullshit Trump economy is Wall Street's success and AI investing is what is driving that.
Don't forget Trump has made oil way more expensive. That's a huge favor to the world and the things that live on it!
He's also decimated environmental regulation...so, definitely not a huge favour.
Only in the USA. Which is only part of North America. The world is a big place.
Unfortunately, Trump's walls don't contain pollution, and industries use that local lack of regulation to lobby other governments, as in, "look, we can do that in the US, why can't we do it here?"
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False
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