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posted in Technology

sanitation@sanitation@lemmy.today
⁨20⁩d

AI is forcing Big Tech to do something it’s never done: Spend more than it earns, and Wall Street hates it

fortune.com/2026/07/23/ai-big-tech-never-spend-more-than-earns-wall-street-hates-it/
Alphabet Inc. and Google CEO Sundar Pichai speaks during the inauguration of a Google Artificial Intelligence (AI) hub in Paris on February 15, 2024. (FortuneAI is forcing Big Tech to do something it's never done: Spend more than it earns, and Wall Street hates it | FortuneThe Mag7 had its worst day Thursday since the tariff-driven selloff last April.
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reddig33@reddig33@lemmy.world
⁨20⁩d

Replying to @⁨sanitation@lemmy.today⁩

They aren’t “forced” to do anything. They are choosing to throw money down a black hole.

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partofthevoice@partofthevoice@lemmy.zip
⁨20⁩d

Replying to @⁨reddig33@lemmy.world⁩

Well, I’ve learned to think of these things as wealth transfers. Question is, where’s all the money going that big tech is loosing? To power companies, or is more complex than that?

⁨Jul⁩ ⁨26⁩, ⁨2026⁩, ⁨04:05⁩en
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obviouspornalt@obviouspornalt@fedinsfw.app
⁨20⁩d

Replying to an earlier post

it’s going to Nvidia, Samsung, Micron, western Digital. companies that make hardware components. those are the pickaxes in this story.

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veroxii@veroxii@aussie.zone
⁨20⁩d

Replying to @⁨obviouspornalt@fedinsfw.app⁩

Also maybe construction companies etc who build the data centres… They don’t care if the centre is ultimately profitable… They’re getting paid now.

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Ludicrous0251@Ludicrous0251@piefed.zip
⁨20⁩d

Replying to an earlier post

Construction companies run pretty tight margins because it’s an industry with a lot of competition. I’m sure they’re not hurting, but the niche component suppliers are robbing the economy blind.

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fodor@fodor@lemmy.zip
⁨20⁩d

Replying to @⁨partofthevoice@lemmy.zip⁩

Remember, the execs are bonusing themselves. They are all getting filthy rich right now.

(And like all scams, they don’t care about efficiency.)

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Victoria@gratux@lemmy.blahaj.zone
⁨20⁩d

Replying to @⁨partofthevoice@lemmy.zip⁩

It’s going in a circle, eventually ending up at nvidia and co.

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reksas@reksas@sopuli.xyz
⁨19⁩d

Replying to @⁨gratux@lemmy.blahaj.zone⁩

also effectively wasting planets resources

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