• ContrarianTrail@lemm.ee
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    2 months ago

    Isn’t it good that the money is being put back into circulation instead of being hoarded? I’m all in for the wealthy wasting their money.

    • finley@lemm.ee
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      2 months ago

      Kinda, but it’s like feeding a starving child nothing but candy until they die.

      ¯\_(ツ)_/¯

    • IphtashuFitz@lemmy.world
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      2 months ago

      I’m willing to bet the vast majority of that money is changing hands among tech companies like Intel, AMD, nVidia, AWS, etc. Only a small percentage would go to salaries, etc. and I doubt those rates have changed much…

      • lemmyvore@feddit.nl
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        2 months ago

        They typically use internal personnel and being parcimonious about it so you’re right about that.

    • Bluefalcon@discuss.tchncs.de
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      2 months ago

      The larger issue that people always fail to remember is the energy consumption. We are see massive amounts of electricity.

      One peer-reviewed study suggested A.I. could make up 0.5 percent of worldwide electricity use by 2027, or roughly what Argentina uses in a year. Analysts at Wells Fargo suggested that U.S. electricity demand could jump 20 percent by 2030, driven in part to A.I.

      The wealthy are under sailing like always. Just like we did with cigarettes or burning fossil fuels. We should have learned but it by the time we do, it might be to late.

      https://archive.ph/AqhHz