this post was submitted on 01 Sep 2026
609 points (96.1% liked)

Fuck AI

8119 readers
1401 users here now

"We did it, Patrick! We made a technological breakthrough!"

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.

founded 2 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] 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.