Risk is rising as big tech companies like Oracle — the ultimate financial source of the Ellison media empire — need to turn to the bond market for staggering sums to finance data centers.
Risk is rising as big tech companies like Oracle — the ultimate financial source of the Ellison media empire — need to turn to the bond market for staggering sums to finance data centers.
So are most citizens.
At a quick search the total debt for all US households is 18.8trillion.
For AI tech companies that is 0.7t, though this probally doesn’t include shadow banking credit, which reports say is estimated to be dangerously high.
The that that these numbers are only one decimal order apart is despicable. We’re talking a handful of AI megacorps vs literally every single individual.
*US-citizens
r/USdefaultism