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

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113 points 1vuio0pswjnm7 | 6 comments | 02 Nov 25 05:33 UTC | HN request time: 0s | source | bottom
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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. tim333 ◴[02 Nov 25 13:43 UTC] No.45790294[source]▶
There may hope for some AI assisted governance software to improve things? Kind of like how Uber type apps have made if harder for cabbies to rip you off.
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2. bathtub365 ◴[02 Nov 25 17:22 UTC] No.45791863[source]▶
Which corrupt leaders are going to give over their control to a machine?
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3. tim333 ◴[02 Nov 25 18:05 UTC] No.45792162[source]▶
You'd have to get rid of them first, but it might help the new lot stay straight?
4. loeg ◴[03 Nov 25 01:24 UTC] No.45795022[source]▶
Only if you think AI will be god.
5. kylehotchkiss ◴[03 Nov 25 02:23 UTC] No.45795294[source]▶
Zero. Why do you think AI will overcome human nature in impoverished nations? Smartphone and cheap internet already happened in many, it hasn’t made a huge dent in outcomes.
6. nozzlegear ◴[03 Nov 25 03:50 UTC] No.45795690[source]▶
My favorite (fiction) book on this topic is Ray Nayler's Where The Axe Is Buried. The premise is that most western democracies have voted to "rationalize", which means installing an AI Prime Minister tuned specifically for their country's culture and economic interests.