this post was submitted on 31 May 2026
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Fuck AI

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A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.

AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.

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[โ€“] BarneyPiccolo@lemmy.today 3 points 15 hours ago (1 children)

The Ellison's had to go like $89 billion into debt to make this merger,

Not really. They have the money. It's not like they borrowed it from the bank, and now they have to make a go of this new business, or the family goes bankrupt, and the kids can't go to college. They've probably already replaced the money they spent.

You're thinking like a regular person. It's not like they really spent money on anything. They made a deal to acquire an enormous revenue stream. Is it really spending money, when you convert a few billion dollars into trillions of dollars until the end of time?

[โ€“] howrar@lemmy.ca 2 points 14 hours ago

In regular people terms, it's like if I saved up $100 and spent it to buy shares of an index fund. Yeah, it's going to take a while to make back the money I spent, but those $100 didn't just disappear. I can sell those shares and get back approximately what I originally spent on it.