David GerardTHIS
IS
GOOD
Blue Owl limits withdrawals from two funds after historic surge in redemption requests
these guys are the main funders of AI data centres
Paul Rietschka@davidgerard We're nearing the end of all this.
I do wonder how many of these data centers will turn out to be nothing but outright fraud, with maybe a concrete shell, some equipment, but nothing ever really built and the money discreetly siphoned away.
There are some fraudsters making a killing at the moment.
Anthony@[email protected] @[email protected] Yeah, once the rich people with fancy lawyers start getting squeezed, they start fighting with one another instead of focusing on screwing the rest of us. Re: the fraud, I also wonder how many of these "deals" were made without public scrutiny, hidden behind NDAs, by local politicians who may not survive politically once all the cards start toppling and nothing gets built.