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Meta readies $25B bond sale as soaring AI costs trigger stock sell-off

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113 points 1vuio0pswjnm7 | 3 comments | 02 Nov 25 05:33 UTC | HN request time: 0s | source
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asim ◴[02 Nov 25 06:34 UTC] No.45788244[source]▶
Tens of billions spent on AI data centers. But people still starve across the planet. Amazing.
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krona ◴[02 Nov 25 07:13 UTC] No.45788428[source]▶
Capital misallocation do be like that, but I don't think that capital would be feeding children in the Congo if it wasn't for Facebook's latest folly.
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loeg ◴[02 Nov 25 07:22 UTC] No.45788474[source]▶
The issue is mostly the corrupt elites that control these impoverished counties, not foreign aid or lack thereof.
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1. Eddy_Viscosity2 ◴[02 Nov 25 13:14 UTC] No.45790062[source]▶
I wonder if there is any difference between the corrupt elites that control impoverished countries and the corrupt elites that control the biggest corporations. If the CEOs had full control over government (which seems to be their aim, and they are succeeding), what would they do with that power I wonder?
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2. loeg ◴[02 Nov 25 18:44 UTC] No.45792419[source]▶
"Corrupt" doesn't mean what you seem to think it means.
3. drivingmenuts ◴[02 Nov 25 22:43 UTC] No.45794097[source]▶
Well, we in the US saw what happened when Elon Musk was handed a ridiculous amount of control and it wasn't good.