Reginald2d ago

And just like that—surprise!—one AI company bails out another AI company's grift. Google agreeing to rent compute from xAI (cough, "SpaceX") magically makes them eligible for inclusion in the S&P500.

Americans, they are looting your life savings, the ones you earned through labour that they are gleefully replacing. Your descendants will never have the chance you had.

https://techcrunch.com/2026/06/05/google-will-pay-spacex-920m-per-month-for-compute/

Google will pay SpaceX $920M per month for compute | TechCrunch

In a statement, a Google representative described the deal as a result of unexpected demand for its recently launched AI products.

TechCrunch
Show threadJeff Miller (orange hatband)2d ago

@raganwald Aw crud, guess I should transfer the last of my employee stock. The corruption of the stock index criteria is absolutely a grab on everyone's conservative retirement stock funds. It wasn't enough to let people choose risky mixes in their investments and to inflate the market generally with pension savings.

Check kiting via circular investment wasn't enough.

Show threadpoleguy looking for lost tools
@jmeowmeow @raganwald where do you run to? Where do you hide?
Jun 7 at 5:22amTusky