Risk is rising as big tech companies like Oracle — the ultimate financial source of the Ellison media empire — need to turn to the bond market for staggering sums to finance data centers.

  • Curiositymonger@reddthat.comEnglish
    6·
    22 hours ago

    People in the rest of the world will also be affected for at least two reasons:

    1. Pension funds throughout the world is invested in US big tech, and if these companies fall in value, so will their pensions.
    2. A financial crisis caused by US big tech could cause a US recession which will also damage the economies of the rest of the world.
    • neutronbumblebee@mander.xyzEnglish
      2·
      20 hours ago

      As I’ve pointed out elsewhere pension funds may be exposed to AI but the money in your personal fund doesn’t need to be. If you haven’t already moved your retirement investment out of shares then see if that’s possible. I’ve changed mine to conservative settings already and looking at the list its mainly in cash, property, farming and a few manufacturers now with no tech stocks at all. That seems a sensible mix for when the market collapses this time around.