The AI market works on bubble economics. It’s about stories and magic! Making financial sense, that’s for the old people now! Get with the program, granddad! But magic doesn’t happen. And it never …
  • lurker@awful.systemsEnglish
    271·
    8 小时前

    At the Financial Times Future of AI Summit, the AI vendors were shocked that nobody likes them. They don’t really understand the objections — one CEO compared data center protestors to protests against masks for COVID.

    Utterly ridiculous people who are now getting the wake up to reality they deserve

        • pmk@piefed.caEnglish
          1·
          10 分钟前

          Could be many things, I wonder if the big insitutions want to avoid circuit breakers, while also doing a bit of short squeezing on everyone betting on the market going down further. A crash can play out over weeks. Or it’s retail becoming exit liquidity, or dead cat bounce, or… or maybe this isn’t the bubble pop we’ve been waiting for and I’m just projecting my hopes of big tech crashing into the numbers.

  • w3dd1e@lemmy.zipEnglish
    23·
    5 小时前

    Rumors were circulating on Thursday that someone was dumping $500 million of data center loans. That turned out to be Dutch bank ING, which has put the loans up for auction

    I’m not saying there isn’t a problem with data centers but once again, this is a normal part of commercial real estate. This happens to loans of every type including fast food, Hollywood studios, malls, airports, hotels, apartments, warehouses, industrial/manufacturing, office buildings, everything.

    I am a Senior Loan Analyst who works on Commercial Mortgage Backed Securities.

    Selling loans is incredibly normal, especially for smaller and mid sized banks that can’t afford to keep them on the books long term but it’s also very common for large banks.