A quotation from Richard Steele
But however low and poor the taking of Snuff argues a Man to be in his own Stock of Thought, or Means to employ his Brains and his Fingers, yet there is a poorer Creature in the World than He, and this is a Borrower of Snuff; a Fellow that keeps no Box of his own, but is always asking others for a Pinch.Richard Steele (1672-1729) Anglo-Irish writer, journalist, playwright, politician
Essay (1709-06-28), The Tatler, No. 35
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But however low and poor the taking of Snuff argues a Man to be in his own Stock of Thought, or Means to employ his Brains and his Fingers, yet there is a poorer Creature in the World than He, and this is a Borrower of Snuff; a Fellow that…
“Banks are hunting for new ways to offload risks tied to a glut of data centre debt as the race to build #AIInfrastructure stretches financing limits among the largest global lenders. Groups including JPMorgan Chase, Morgan Stanley and SMBC are trying to find ways to distribute portions of data centre-related deals to a broader range of investors, according to people familiar with the matter.
Lenders are exploring private deals to sell stakes in the #debt as well as so-called risk transfers to reduce exposure to big borrowers and free up capacity for more lending. The efforts showcase the unprecedented scale of #borrowing that underpins the #AI sector and the pressure it is putting on lenders. #Oracle and #CoreWeave, two data centre operators, have borrowed hundreds of billions to build sites across the #USA for #AILabs.”
#ArtificialIntelligence / #Banking / #capacity / #profit <https://archive.md/GoRyM> / <https://ft.com/content/08aba5e4-5834-4e79-a48d-989a2c5bad0f> (paywall)
Benjamin Franklin (1706-1790) American statesman, scientist, philosopher, aphorist
Poor Richard (1747 ed.)
More about this quote: wist.info/franklin-benjamin/46…
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Why then should I give my Readers bad Lines of my own, when good Ones of other People's are so plenty? 'Tis methinks a poor Excuse for the bad Entertainment of Guests, that the Food we set before them, tho' coarse and ordinary, is of one's own Raising, off one's…