Look like Google is running out of money to fund its AI biz.

The Incredible Laser · 26-02-09/google-parent-alphabet-kicks-off-seven-part-us-bond-sale

@nixCraft it's gonna be the taxpayer paying when the bubble bursts, not them

nixCraft 🐧 · 26-02-09/google-parent-alphabet-kicks-off-seven-part-us-bond-sale

The Google is selling bonds in as many as seven parts, with initial price discussions for the longest portion at a premium of about 1.2 percentage point above Treasuries. So if Treasuries rate is 3%, Google will pay 3% + 1.2%.

Capital spending in AI & cloud infrastructure and data centers is expected to reach $3 trillion in aggregate by 2029 as per the TFA. Damn, they are not holding back.

Jay Deiman · 26-02-09/google-parent-alphabet-kicks-off-seven-part-us-bond-sale

@nixCraft When this bubble bursts, it's going to be economic chaos.

Interpipes 💙

@nixCraft there’s no way I’m lending those addicts money for 1.2% above base

Serf de Web

@nixCraft It also means they can't get private investments anymore.

Incident Creator ❎ · 26-02-09/google-parent-alphabet-kicks-off-seven-part-us-bond-sale

@nixCraft
One can only hope something disastrous happens to them.

Josep · 26-02-09/google-parent-alphabet-kicks-off-seven-part-us-bond-sale

@nixCraft now we need to ditch all its services till they have losses

unqualifiedtechbros

@admin
To corrupt to fail!
@nixCraft

Gato Negro :archlinux: · 26-02-09/google-parent-alphabet-kicks-off-seven-part-us-bond-sale

@nixCraft Those sons of bitches never lose.

Steve Dowe · 26-02-09/google-parent-alphabet-kicks-off-seven-part-us-bond-sale

@nixCraft and yet, of all the players, Google design and manufacture (with partners) their own Tensor AI chips, which could potentially massively reduce cost vs NVidia & co.

Where they all fail is monetizing something that no one really wants to pay for.

rexi · 26-02-09/google-parent-alphabet-kicks-off-seven-part-us-bond-sale

@nixCraft

there's also an impending crypto moment looming: AI has, while not needing to break crypto itself, already criminally undermined the entire support structure.

that's the word anyway from smart folks now finally dumping crypto, even as King Knucklehead's admin has taxpayers *buying in*.

rexi

@fuckblackrock @nixCraft

I divorced myself from big G years ago.

(although my machines still regularly ping away at G addresses…unavoidable)

Madalin Ignisca 🇪🇺🇪🇦 · 26-02-09/google-parent-alphabet-kicks-off-seven-part-us-bond-sale

@nixCraft if google is out of money for AI, the rest should have already give up on it. open ai is not even a fraction of google's capacity and still run. claude is running today on Google's in house designed NPUs because the nvidia gpus proved to be slow and cost too much electricity to use. so if google has problems to support ai offering, it means nobody else can at this scale.

Rasmus Lindegaard · 26-02-09/google-parent-alphabet-kicks-off-seven-part-us-bond-sale

@nixCraft if? What do you mean if?

HTPC NZ · 26-02-09/google-parent-alphabet-kicks-off-seven-part-us-bond-sale

@nixCraft must be worth it to them, unlike other bullshit generators chatgpt, copilot, claude etc, captain gemini will be #1 used by the masses as it is baked right in to and trained by some of the most ubiquitous thing masses do on the internet - google search on google chrome along with the biggest ad network, largest video platform and largest mobile os.