this post was submitted on 29 Jun 2026
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Big Tech's $8 trillion AI bet is making consoles, cars, and electricity more expensive for everyone else (www.techspot.com)
submitted 19 hours ago by sanitation@lemmy.today to c/technology@lemmy.world
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[โ€“] Flower@sh.itjust.works 12 points 16 hours ago (1 children)

Seems they're betting on the government bailing them out, and buying their services for surveillance and military purposes.

[โ€“] pulsewidth@lemmy.world 10 points 15 hours ago

I wonder who will be the first CEO to start applying the "too big to fail" statement openly to their business.

I'm betting on OpenAI as they're the ones with the most to lose. They have already been courting govt in investment heavily, including asking them to back loans up to nearly a trillion earlier this month, and an equity stake.

Literally the "most valuable companies in the world" asking for daddy taxpayer to lend then their credit card.