As of October 2024 Microsoft has a market cap of $3.109 Trillion. (Source). So uh, fuck that.
Market cap doesn’t say how much cash they have available. For that, look at cash on hand which publicaly traded companies need to report
MS has about 75B cash on hand, so they could afford this themselves. They will probably argue that it will bring jobs and expertise to the state.
Also, it’s a loan, so the interest will generate funding for the state as well.nevermind, not a loan from the state, so no interest would go to the state.You’re right that it doesn’t mean cash on hand, but it does indicate they could liquidate some of that or borrow against it themselves.
Yeah Microsoft should take the risk here, not American citizens.
Bingo. They should invest in their own company, they have the money. There’s no reason for taxpayers to play any part in this.
No, see that is explicitly not what I agreed with before.
Microsoft buys the plant and Microsoft pays start and maintenance cost.
If it will privately benefit Microsoft they can privately fund it.
It’s a taxpayer loan, so they pay it back, right?
[Smiling Anakin]
Until the loan is forgiven a few later…
Oh so it’s like a PPP loan that Republicans will take out and have forgiven and then complain about student loan debt forgiveness.
What kind of interest is on that loan?
Maybe Micro$oft should pull themselves up by their bootstraps and cut back on the avocado toast…Cunts.
And there it is. I was complaining about subsiding the risk and privatize the profits.
I’m sure the taxpayers will never be on the hook for that loan.
But the job creation!
Just get Microsoft to pay for all of it if they want it so badly.
So let Microsoft pay to restart it.
I guess it the government gives them the loan then the gov’t gets interest payments, which must help inflation over time. Assuming that they make those payments…
Watch the Netflix documentary about the Three Mile Island accident. Yeah, fuck that shit and keep it shutdown until maximizing profits becomes a lower priority than safety.
Neat. So is Microsoft going to make that loan in cash or…?
Yay more nuclear power for a grid in need.
Boo that it’s hoping federal funds pay for Microsofts powersuck of an AI
OK, the Utility is getting a loan against expected future payments by Microsoft. So, if all goes to plan, MICROSOFT IS PAYING FOR THIS!
If Microsoft is paying for it, why do they need a loan?
Will Microsoft also be paying for any nuclear waste disposal?
Ah there’s the squeeze
Ages ago, I read a book called N.U.K.E.E.
I don’t remember all the specifics, but this seems hauntingly familiar.
While I’m not a fan of the loan nor the massive waste of power most LLMs are, I actually think that’s its a good thing because if Microsoft can break through some of the excessive red tape on nuclear plants then they’ll bring this online and hopefully prove that nuclear power can be safe and a good source of large amounts of power, when the huge demand for AI dies down, then maybe they’ll keep the plant around and provide power to the grid.
