Mar Hicks @histoftech.bsky.social · 20/09/2026“But the biggest Al companies aren't doing that. They are spending hundreds of billions per year on data centers, chips, and other costs while their ability to make revenues that exceed their already-immense sunk costs are unclear.“ 1859
Mar Hicks @histoftech.bsky.social · 20/09/2026“Experts estimate that these Al companies will require another $600 billion of debt just to finance themselves in 2026 alone. That is more than the entire budgets of the U.S. Depts of Justice, Transportation, and Education combined.” 18922
Mar Hicks @histoftech.bsky.social · 20/09/2026“Meanwhile, despite almost every single one of these companies not turning a profit & having sunk billions of investor dollars in development of data centers & other infrastructure, Al co.s are also on a spending spree of hundreds of millions of dollars in lobbying & dark money in our elections.” 17714
