THREAD: A small handful of companies are propping up the U.S. economy.
GDP growth is overly reliant on one sector: AI.
And the numbers are going up in no small part because these companies keep investing in each other.
On Tuesday, Nvidia and Microsoft announced that AI startup Anthropic will buy $30 billion of cloud computing capacity from Microsoft, “powered by Nvidia.”
As part of the deal, Nvidia agreed to invest up to $10 billion in Anthropic, and Microsoft will invest up to $5 billion.
Companies are increasingly trapping workers with a move that looks a lot like indentured servitude.
The company will pay for training, then when you want to leave the job, the corporation will say you owe thousands of dollars for that training — unless you stay on the job.
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The following article describes a nurse who switched to a better-paying job at a nearby hospital only to wind up with debt collectors at her door demanding she pay her former employer back for a loan she didn’t know she owed.
And a cargo pilot who faced a $20,000 lawsuit over job-training expenses at a commercial airline that had just fired him for refusing to fly a plane under unsafe conditions.
On June 17, the Pima County Board of Supervisors voted to sell and rezone land for the data center.
The so-called ‘Project Blue’ was immediately marked by a lack of transparency, with the final user hidden and public officials bound by non-disclosure agreements.