• Monument@lemmy.sdf.org
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    3 hours ago

    What an unexpectedly deep bit of research this threw me into.

    In 2005 a company called Fortress Credit loaned the Trump Organization $130 million dollars for the construction of trump tower that it later ‘forgave.’ Fortress Credit is owned by Fortress Investment Group, which is owned by SoftBank. Additionally, SoftBank tried to engage with Trump in 2017 under a similar scheme, where they offered to invest in the U.S.’ IT infrastructure as part of some deal they were cooking up with Trump.
    Incidentally, in 2019, New Fortress Energy, also part of the constellation of companies, was granted a peculiar permit to transport LNG over rail lines within populated areas - something that is generally not done due to the danger involved.
    So that’s just, you know, the corruption cherry on top of this shit cake.

    So now, we have SoftBank, OpenAI, and Oracle - companies whose CEO’s ‘bent the knee’ announcing a half a trillion dollar investment into an all knowing AI medical black box that the government (and its corporate sponsors) intend to use to track all your medical information.
    Yes. Centralized government tracking of your periods, ladies. If this system ever works, the government will know if you’ve ever told a medical professional that you use illicit drugs, even drugs that may be legal at the state level, but illegal federally. The government will know if you’re on antidepressants - something that JFK Jr. wants to send people to re-education/labor camps for being on. They will know if you’ve ever told a doctor that you’re not CIS or straight.

    And we know that SoftBank can’t afford to invest that much. They took out a $4 billion loan 2 years ago, and then asked for another 1.1 billion shortly after. Even Elon Musk is saying they don’t have the money.
    So they’re going to invest some money in something, get very overpriced government contracts for the operation of it, and use a fraction of the overages from that to ‘invest’ further until their obligation is fulfilled or forgiven – in much the same way that telcos fleeced the government to build out broadband and never did.

    It’s a bad deal for all of us, and the very best outcome for anyone is that it will never work.
    Because if it does work, we will lose our medical privacy, and we lose control of any data we’ve ever shared with medical professionals - one of the few areas in U.S. citizen’s lives where there are privacy laws to keep them safe.

    • Monument@lemmy.sdf.org
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      3 hours ago

      Oh, and as evidenced by the government losing control of the backdoors they implanted into telco companies, this data will be hacked. And having all of it in one place will make it a big target.

      So it’s not just the U.S. government that will know about your business, but so will the U.S.’s foreign rivals.
      Great fucking strategy. Let’s make sure all our health data is accessible, not improve the health system, and just hope that none of the people whose information you can freely and easily buy online due to lax privacy laws have expensive medical bills and a sensitive job.

      Way improve national security. Dumbasses.