Bank of America Just Issued a Stark Warning: AI Boom Is Hitting a Cash Crunch (opens in new tab)

(247wallst.com)

58 pointsdoctorshady4mo ago15 comments

15 comments

mrandish4mo ago

When you owe the bank millions of dollars, you have a problem.

When you owe the bank a billion dollars, the bank has a problem.

therobots9274mo ago

And when you owe the bank hundreds of billions of dollars, the US taxpayer has a problem.

cyanydeez4mo ago

Dont worry,someone will tell trump to mint that trillion dollar coin.

Imagine turkeys economic management under American branding.

ciconia4mo ago

These people are crazy. It all seems so senseless.

therobots9274mo ago

Yep but unfortunately that’s what the existing economic system incentivizes.

soared4mo ago

Is there a world where Altman has architected a bubble to dethrone these major tech companies so that he can rise from their ashes?

hamburgererror4mo ago

> rise from their ashes

What would be ChatGPT without the massive source of data?

soared4mo ago

ChatGPT is sufficient but not required in this scenario

ghtbircshotbe4mo ago

The only company in the article taking on a worrying amount of debt is Oracle.

jrpelkonen4mo ago

It might actually be the silver lining of this particular bubble if Oracle were to go out of business.

conartist64mo ago

I'd say the are four months left before the music stops.

pcdoodle4mo ago

What bag do i want to be holding when that happens?

TowerTall4mo ago

A bag of cash so I can renter the marked and buy cheap stock and crypto and wait for the rebound.

cyanydeez4mo ago

I think you mean passport.

1 more reply

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15 comments

mrandish4mo ago

When you owe the bank millions of dollars, you have a problem.

When you owe the bank a billion dollars, the bank has a problem.

therobots9274mo ago

And when you owe the bank hundreds of billions of dollars, the US taxpayer has a problem.

cyanydeez4mo ago

Dont worry,someone will tell trump to mint that trillion dollar coin.

Imagine turkeys economic management under American branding.

ciconia4mo ago

These people are crazy. It all seems so senseless.

therobots9274mo ago

Yep but unfortunately that’s what the existing economic system incentivizes.

soared4mo ago

Is there a world where Altman has architected a bubble to dethrone these major tech companies so that he can rise from their ashes?

hamburgererror4mo ago

> rise from their ashes

What would be ChatGPT without the massive source of data?

soared4mo ago

ChatGPT is sufficient but not required in this scenario

ghtbircshotbe4mo ago

The only company in the article taking on a worrying amount of debt is Oracle.

jrpelkonen4mo ago

It might actually be the silver lining of this particular bubble if Oracle were to go out of business.

conartist64mo ago

I'd say the are four months left before the music stops.

pcdoodle4mo ago

What bag do i want to be holding when that happens?

TowerTall4mo ago

A bag of cash so I can renter the marked and buy cheap stock and crypto and wait for the rebound.

cyanydeez4mo ago

I think you mean passport.

1 more reply

j / k navigate · click thread line to collapse