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The AI boom is so huge it’s causing shortages everywhere else The $700 billion AI spending spree has few precedents. Good luck finding an electrician or a reasonably priced smartphone. (archive.is)
submitted 9 months ago by to c/technology@lemmy.world
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[–] 22 points 9 months ago (1 child)

I assume they'll do the same as the auto industry and banks and get huge government bailouts once investors start demanding returns. That way all us taxpayers can make sure the scammers at the top don't have to spend one second worrying about giving up their lavish lifestyles.

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  • [–] 13 points 9 months ago

    I mean we're (we as in local taxpayers, not me personally in this case) already paying for the infrastructure they use in increased bills. We're paying for their tax holidays while they're talking about all the new jobs they'll bring (lots of short term construction, 25-50 long term employees once the tax holiday runs out, so very little money in the local economy). We (all of us) are paying the price for the mothballed coal plants that are coming back online to support them. We are paying for federal government contracts on them.

    It's corporate welfare all the way down.

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