Gabriele SveltoMar 3
I find it mildly silly that some people in tech are still talking about whether "artificial intelligence" tools work or not. For their cost it would be irrelevant even if they worked. Did you actually look at the numbers of the companies involved? Oracle has now a >4 debt/equity ratio, CoreWeave has almost 9. Values above 2 are considered abnormal and dangerous. This is the financial equivalent of smoking in a factory that produces explosives.
Show threadmbpaz

@gabrielesvelto "oh you cannot understand it doesn't matter because blah blah paradigm change blah blah"

My only question is if they will find some way to get a bailout from public treasuries when things implode.

Mar 3 at 9:38amWeb
Show threadGabriele SveltoMar 3
@mbpaz I think we're already way past a public bailout, even in the unlikely case it would be politically possible. Oracle alone has something like 100 billion $ in debt. God knows how much would be needed to bail out the whole sector given that all the companies involved are deep in the red (if they're new) or destroying the margins of their healthy businesses (if they're old).
Show thread{ id: d2718, ok: 🇵🇸🌈🏳️‍⚧️🇺🇦 }Mar 3

@gabrielesvelto @mbpaz

> think we're already way past a public bailout

I think you underestimate the pervasiveness of corruption in the US, but I appreciate your optimism!

Show threadGabriele SveltoMar 3
@d2718 @mbpaz I simply think there's not enough money available, plus bailouts usually involve putting the business back on its feet, but these companies cannot stand, the market isn't there for them to survive, not now, not ever