Isn't the first rule of business that you spend other people's money, whenever possible?
But tech companies horde cash because they don't have anywhere they see as a good investment.
You'd think investing in their own data centers would get a better return than cash.
Kind of makes you wonder why everyone is so eager to fund these projects for them.
Kudos for being very succinct. I believe the youths would have just replied: "this." :~>
Practically speaking, they also need to build data centers, and real estate has more pedestrian (returns and) valuations, even when it houses fantastical uber tech.
Is Meta so unsure about this investment, that they decided to spread the risk and profit to other parties, even though they could fund it themselves?
(AI bubble death knell ?)