this post was submitted on 01 Sep 2026
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Fuck AI

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A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.

AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.

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[–] bedwyr@piefed.ca 10 points 3 days ago (3 children)

Heads up, AI related bonds are imploding. Taking the entire bond market with it perhaps. There is a very real chance of a recession very soon.

[–] Glytch@lemmy.world 14 points 3 days ago (1 children)

If you're working class the recession is already here

[–] cantstopthesignal@sh.itjust.works 7 points 3 days ago (1 children)

Ya ordinary people have been broke since before covid, but that's their problem. But when the stock market tanks, it's everyone's problem and we are all in this together.

[–] Glytch@lemmy.world 2 points 2 days ago* (last edited 2 days ago)

~~Welfare~~ Bailouts for me not for thee.

[–] spicehoarder@lemmy.zip 1 points 2 days ago

Recession soon™️

spoilerBitch it's been here lmao

[–] DrunkenDuckling@lemmus.org 1 points 2 days ago* (last edited 2 days ago) (2 children)

What are "AI related bonds"?

Bond yields are mostly being driven up by pensions cashing out.

AI companies have no reason to invest in government bonds afaik, much too long-term for their immediate investment needs

[–] bedwyr@piefed.ca 2 points 2 days ago

Data center build outs, and whatever else. When it implodes the government will bail them out for concessions to fuck us.

[–] boonhet@sopuli.xyz 1 points 2 days ago* (last edited 2 days ago)

AI companies don't buy government bonds, but some AI companies sell their own bonds. Google and Oracle for example and I believe SoftFail is also looking to sell bonds so they can refinance a loan they used to get a stake in ClosedAI.

Google's most egregious bond is one that matures in 2126. You'll only be paid interest until a century from now when you'll get the principal back. A ridiculous investment if you ask me, but they say it's fine because thanks to AI they'll earn a gazillion dollars by then and surely won't go bankrupt.

It should also be mentioned that a large proportion of bonds aren't government bonds at all, companies selling bonds isn't anything new, there's basically two ways for a company to raise funds: Sell bonds or sell equity. Bonds are preferable if you know you can pay them back easily because nobody gives up any shares.