Comment on Oracle made a $300 billion bet on OpenAI. It's paying the price.

mickus@sh.itjust.works ⁨2⁩ ⁨days⁩ ago

• UltraGiGaGigantic@lemmy.ml ⁨2⁩ ⁨days⁩ ago

  The 1% is willing to pay whatever imaginary fiat currency they can to eliminate the need for the working class. Then they can finally get rid of us.

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  • EndlessNightmare@reddthat.com ⁨2⁩ ⁨days⁩ ago

    While simultaneously acting like a bunch of whining little crybabies about declining fertility rates.

    Which is it: AI (and other automation) will replace jobs, or there aren’t enough people to work all the jobs?

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    • tlmcleod@lemmy.dbzer0.com ⁨2⁩ ⁨days⁩ ago

      Hedging their bets. They’re only capable of being sure of the future as the next person, which isn’t very capable at all. But they have the ill-gotten means to back both sides so they continue to be on top.

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      • EndlessNightmare@reddthat.com ⁨2⁩ ⁨days⁩ ago

        Oh I know what they’re doing. I just don’t give a shit and will point out how ridiculous their entitlement is. No one is owed another human being.

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    • Prior_Industry@lemmy.world ⁨2⁩ ⁨days⁩ ago

      It’s even better for them to have extra workers for too few jobs as it drives the wage of those remaining down. Dark stuff really.

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  • vacuumflower@lemmy.sdf.org ⁨2⁩ ⁨days⁩ ago

    It’s not that. Nobody really expects to achieve firm satisfactory result in something never done before, to justify the risk.

    It’s a bubble. That they found money to make such an input into inflating it just means the outcome of said bubble bursting is this good for them.

    I’m interested what exactly will happen when it bursts. A dictatorship, or a blitzkrieg against half of the world, or what else.

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    • birdwing@lemmy.blahaj.zone ⁨1⁩ ⁨day⁩ ago

      Governments realising billionnaires tried to scam them, and actually properly lashing out against fascist oligarchs, is what I hope.

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    • TronBronson@lemmy.world ⁨2⁩ ⁨days⁩ ago

      they get eaten by a hungry mob of people while hiding in a bunker?

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      • vacuumflower@lemmy.sdf.org ⁨2⁩ ⁨days⁩ ago

        Surely they have some explanation how that doesn’t happen, otherwise they are making strange plans.

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• orange@communick.news ⁨2⁩ ⁨days⁩ ago

  Any combination of:

  • Issue new shares (investment/equity) and sell them
  • Issue corporate bonds (debt) and sell them
  • Borrow money from banks

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• leftzero@lemmy.dbzer0.com ⁨2⁩ ⁨days⁩ ago

  Well, it’s called One Rich Asshole Called Larry Ellison, after all… 🤷‍♂️

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  • Tollana1234567@lemmy.today ⁨2⁩ ⁨days⁩ ago

    trying to buy WB, so he can turn CNN into a fox clone. of course with the help of the SAUDIs.

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    • frostysauce@lemmy.world ⁨23⁩ ⁨hours⁩ ago

      Funny thing is, CNN has been a Fox clone for a few years now.

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      • Tollana1234567@lemmy.today ⁨9⁩ ⁨hours⁩ ago

        they probably want to turn it to 100, they were lite clone. CBS turning into it too. they want all networks to eventually be only right wing propaganda. people on Paramount+ for the sake of trek should be aware theya re supporting this.

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• Tollana1234567@lemmy.today ⁨2⁩ ⁨days⁩ ago

  probably borrowing from large banks, selling shares, or bonds, or offering something as COLLATERAL.

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  • drasglaf@sh.itjust.works ⁨2⁩ ⁨days⁩ ago

    And ripping off their customers.

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• TronBronson@lemmy.world ⁨2⁩ ⁨days⁩ ago

  Financial engineering, and they are one of the biggest producers of computer hardware for a long time. There’s more business and personal consumers than ever. Everyone’s getting online now, and the AI purchasing frenzy is helping a lot.

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