“Reliance on debt/leverage”
That’s not really accurate.
Over 90% of this planned spend is in the bank and belongs to the big hyperscalers.
Free cash flow minus all costs.
They are spending the money they earned from nearly everyone in the world to take the world to a new technological basis.
But nobody is quite sure what that will be.
“They are spending the money they earned from nearly everyone in the world to take the world to a new technological basis.”
Yup.
As a long time engineer it’s damn scary.
A year ago coding with it was a joke. In the past few months they’ve introduced new models which range from still a joke to “I need this code ported from Python to Java and it has to also convert the Python specific library calls to the Java equivalents already used in the project (they weren’t the common choices.)
AI spit out the module in under 5 minutes and it’s 95% correct. (There was some special code handling to get around some Python issues that wasn’t needed here)