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> Nothing has ever been, directly or indirectly, deficit financed at this scale before. In notional or real terms, in history, by anyone. I find it unlikely th
by thaumasiotes 4mo ago
> Nothing has ever been, directly or indirectly, deficit financed at this scale before. In notional or real terms, in history, by anyone.
I find it unlikely that this is true.
The obvious candidate for things financed through staggeringly large deficits would be war.
- harrouet 4mo agoTrue because wars finance value destruction. But with $1.4T announced capex for the Frontier AI labs, we're not far from the 2nd (illegal) war in Irak: $1.8T of direct military spending. With that said, I don't know how Frontier Ai companies will ever recover this capex with a glorious $50B of revenues. Add to that that a GPU's lifetime is only a few years and you may see it as a deadend. NB: did you know Uber destroyed $27B of value since inception? But it still exists. So Frontier AI might just do the same.