https://seekingalpha.com/news/4556964-citigroup-forms-team-to-finance-ai-infrastructure-bo-m
Lend money to companies that make no money. What could go wrong?
6 replies (most recent on top)
Meanwhile, back on the farm...
https://www.businessinsider.com/ai-layoffs-deflation-us-economy-job-market-outlook-citi-2026-2
@a1 You mean d-mber than spending the better part of a year coming up with remediations that are aligned to the wrong consent order?
There is no leverage involved this time though...
So Citi will finance speculative data centers that will strain the power grid and destroy communities and open space, so that we can all be overrun with AI Slop to entertain us while we sit around with no jobs. Sounds great.
Outside of the actual technology that runs AI, there's nothing to "AI." The financing is nothing more than a circlej--kbetween 5 or 6 different companies. But whatever helps Jane sleep at night, right?
This might be the d-mbest thing we do. And that is saying something.