Bank of America Just Issued a Stark Warning: AI Boom Is Hitting a Cash Crunch
247wallst.comWhen you owe the bank millions of dollars, you have a problem.
When you owe the bank a billion dollars, the bank has a problem.
And when you owe the bank hundreds of billions of dollars, the US taxpayer has a problem.
Dont worry,someone will tell trump to mint that trillion dollar coin.
Imagine turkeys economic management under American branding.
These people are crazy. It all seems so senseless.
Yep but unfortunately that’s what the existing economic system incentivizes.
Is there a world where Altman has architected a bubble to dethrone these major tech companies so that he can rise from their ashes?
> rise from their ashes
What would be ChatGPT without the massive source of data?
ChatGPT is sufficient but not required in this scenario
The only company in the article taking on a worrying amount of debt is Oracle.
It might actually be the silver lining of this particular bubble if Oracle were to go out of business.
I'd say the are four months left before the music stops.
What bag do i want to be holding when that happens?
A bag of cash so I can renter the marked and buy cheap stock and crypto and wait for the rebound.
I think you mean passport.
And a bag full of shoes for the long walk?