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The U.S. just pledged hundreds of billions to protect its AI leadership. A Chinese startup with a ‘joke of a budget‘ may have already undercut those hopes(fortune.com)

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return2ozma@lemmy.world
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adarza@lemmy.ca
166 points

most of that ‘hundreds of billions’ isn’t going to go towards the tech or infrastructure, it’s gonna go to people. a very small number of specific individuals.

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sunzu2@thebrainbin.org
44 points

correct, US taxpayer is being fleeced so some parasites can live their best lives.

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Kairos@lemmy.today
17 points
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Incorrect. They can already do that without more money.

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adarza@lemmy.ca
17 points

correct.

hell, i could live my ‘best’ life off of musk’s ‘sofa cushion’ money:

$2.5m is more than enough for me to live on just using investment proceeds–in perpetuity.

$2.5m to him (with ~ $436b) is the equivalent of fifty-seven cents to someone with $100k (in the bank, investments, retirement, home equity, etc). now, i don’t have $100k, not even close. just using it as an example here. my equivalent would be more like half a cent.

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anomnom@sh.itjust.works
2 points

But then none of them will get to claim that he’s the first trillionaire.

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mac@lemm.ee
-13 points
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Project Stargate is funded via private investment, the US hasn’t pledged any money

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sunzu2@thebrainbin.org
14 points

who is providing interest free loans so that microshit can have electric for their data centers?

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fine_sandy_bottom@discuss.tchncs.de
7 points

Well, I suspect that most of the money will be used to acquire or costume natural resources, like water and power.

Individuals become enriched because their share holdings are worth more.

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