general Fortune 7 months ago

‘It’s not just the hyperscalers’ free cash flow anymore.' Debt related to OpenAI's computing needs is moving credit markets. - Fortune

‘It’s not just the hyperscalers’ free cash flow anymore.' Debt related to OpenAI's computing needs is moving credit markets. - Fortune

Debt related to OpenAI's computing needs is starting to move credit markets. 'It's not just the hyperscalers' free cash flow anymore.'

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Once again, the capitalist machine shows its voracious appetite, drowning in $96 billion of debt to chase the AI fever dream, with OpenAI at the heart of this tempest. This debt-fueled escapade into artificial intelligence, bankrolled by the usual tech behemoths and loss-making startups, is a stark monument to the relentless greed and exploitation inherent in our system. It's a grotesque spectacle of capital over community, of elites gambling with the future while workers bear the brunt of their failures.

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