sanitation@lemmy.today to Technology@lemmy.worldEnglish · 1 day agoAI is forcing Big Tech to do something it’s never done: Spend more than it earns, and Wall Street hates itfortune.comexternal-linkmessage-square23fedilinkarrow-up1170arrow-down117
arrow-up1153arrow-down1external-linkAI is forcing Big Tech to do something it’s never done: Spend more than it earns, and Wall Street hates itfortune.comsanitation@lemmy.today to Technology@lemmy.worldEnglish · 1 day agomessage-square23fedilink
minus-squarepartofthevoice@lemmy.ziplinkfedilinkEnglisharrow-up8·edit-21 day agoWell, 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?
minus-squareobviouspornalt@fedinsfw.applinkfedilinkEnglisharrow-up11·1 day agoit’s going to Nvidia, Samsung, Micron, western Digital. companies that make hardware components. those are the pickaxes in this story.
minus-squarefodor@lemmy.ziplinkfedilinkEnglisharrow-up9·1 day agoRemember, the execs are bonusing themselves. They are all getting filthy rich right now. (And like all scams, they don’t care about efficiency.)
minus-squareVictoria@lemmy.blahaj.zonelinkfedilinkEnglisharrow-up3·1 day agoIt’s going in a circle, eventually ending up at nvidia and co.
minus-squarereksas@sopuli.xyzlinkfedilinkEnglisharrow-up3·24 hours agoalso effectively wasting planets resources
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.
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