Big banks across the world are substantially increasing their financing of the fossil fuel industry, including for the industry’s expansion during a time of intensifying climate crisis, all while pulling back from previously stated climate commitments.
Big tech companies continue to spend massive amounts of money building ever more powerful generative AI (artificial intelligence) systems and ever larger data centers to run them, all the while losing billions of dollars with no likely pathway to profitability. And while it remains to be seen how long the companies and their venture capital partners will keep the money taps open, popular dislike and distrust of big tech and its AI systems are rapidly growing.
