“The plain fact is that inflation is too high and has been for too long,” Federal Reserve Chair Kevin Warsh said.
  • mnemonicmonkeys@sh.itjust.worksEnglish
    3·
    22 days ago

    so they have less cash in hand, and can’t spend recklessly, or be charged recklessly higher prices by capitalists because they just don’t have the extra cash to pay higher prices.

    Get fucked, Sam Altman. Hopefully this finally pops the AI bubble and all the AI CEOs lose everything

    • zabadoh@ani.socialOP
      1·
      22 days ago

      Big AI have military contracts.

      I’ve never heard of a military contractor going out of business.

      Not involuntarily anyway.