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

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114 points 1vuio0pswjnm7 | 1 comments | 02 Nov 25 05:33 UTC | HN request time: 0.242s | 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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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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1. 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.