AJ Sadauskas
Australian urban planning, public transport, politics, retrocomputing, and tech nerd. Recovering journo. Cat parent. Part-time miserable grump.
Cities for people, not cars! Tech for people, not investors!
@TheBreadmonkey@beige.party All up, Amazon borrowed US$31.5 billion in 48 hours, including both bonds and loans, from some of the world's biggest banks.
So what happens if Amazon can't pay the money back?
From the article:
"Companies are burning through exorbitant sums of money to keep pace in the AI arms race. Debt is climbing. Amidst this flurry of activity, Amazon has signed a deal to borrow some $17.5 billion from a number of financial lenders, according to Bloomberg.
"The banks behind the loan reportedly include Citigroup, JPMorgan Chase, Wells Fargo, HSBC, and BofA Securities. The deal has been characterized as a delayed draw term loan, meaning Amazon can draw down the funds on its own timeline rather than taking the full sum upfront, giving it flexibility in how and when the money gets deployed.
"The loan comes just two days after it was reported that Amazon would also raise $14 billion in a Canadian bond sale, bringing its total new financing to roughly $31.5 billion in the span of roughly 48 hours."
#AIbubble #Amazon #ChatGPT #LLM #OpenAI #Anthropic #Gemini #Copilot #AI
Here's how Shell shifts billions in profits from its Australian oil and gas business through a shell company in Singapore:
https://www.youtube.com/watch?v=0mV_1J69Bno
#Auspol #oil #gas
How energy giant Shell shifts its profits out of Australia | The Business | ABC NEWS
Hi there rich people of Sydney's wealthy Eastern Suburbs and Lower North Shore.
As your fashionable selves are no doubt aware, recently some white hipsters from a trendsetting publication discovered Burwood and deemed it worthy of hipster gentrification. I mean, decided it's the "coolest neighbourhood in Australia".
Now, we know in your mental maps that Sydney ends somewhere around Newtown. And that one time you did go out Olympic Park or the Enmore Theatre, you felt uncomfortable. And you've never been further out west than that.
You're not a racist, but a friend of a friend once caught the wrong train to Hornsby and told you it's all poor people in a foreign land out there. I mean, the wrong sort of people. I mean...
Well anyway, the Museum of Contemporary Art has arranged a special bus tour for you.
To Burwood.
As a warm up, we've bought a selection of the Asian drummers and those video games, which people out that way seem to like, to the MCA.
If you're not comfortable going any further, you can leave it there.
That way, you can get a taste of Burwood at its Chinatown district from the comfortable surroundings of the MCA.
But if you're really feeling adventurous, you can board a special double decker bus for a special tasting tour we've arranged.
This study tour will be a one-of-a-kind cultural experience for you!
And for those snickering folks who don't live in the Eastern Suburbs of Sydney or the Lower North Shore, yes this is actually a thing.
See below:
"Celebrate Burwood – recently named Time Out’s #1 Coolest Neighbourhood in Australia, and one of the country’s most culturally diverse communities.
"The night begins at the MCA, where Live at the MCA brings the energy, sound and stories of Burwood to Tallawoladah. Expect roving drumming performances and a vibrant line-up of Chinese, Korean and Japanese musicians bringing together musical traditions and contemporary expression. Experience Burwood’s thriving gaming culture through a curated selection of interactive games.
"At 6.30pm, Next Stop Burwood full-experience ticket holders will board a vintage double-decker bus for a one-of-a-kind cultural journey through Burwood."
https://www.mca.com.au/events-programs/calendar/LATMCA-next-stop-burwood/
#art #arts #auspol #politics #Sydney #NSW #Australia #class #culture



