FUCK AI data centers.
That people were dropping their shorts i the first place is a bad sign.
The ubiquity of NSAs signed by government officials shows the entrenched degree of corruption. The companies and officials alike should be charged with crimes.
Good.
Turns out a business plan consisting of »build a trillion dollars of server farms now, figure out who pays later« gets slightly less charming once the lenders ask for actual numbers. The AI industry wanted to disrupt every profession except the ancient art of checking whether the math works.
“We plan to shoot for the moon and land on a pile of money” classic Silicon Valley businessplan.
Considering how tech CEOs are acting, with their bunkers, bodyguards, remote islands and rockets, I’m not sure they planned to come back after leaving with all our money.
leaving with all our money.
Talk is they’re planning on staying away while money and debts inflates away to zero and come back with all the deeds when the fighting stops.
Don’t you need a functioning government for a deed to have value?
What do you think the private militaries are for?
What are you going use to pay them?
Isn’t this also how the dot-com bubble sort of happened?
Yes, and every bubble before, since, and hereafter.
The next one will be one same. Humans don’t learn from mistakes.
The AI bust will be an order of magnitude worse. The money involved is staggering. AI is almost all of America’s GPD and a monster chunk of stock valuation.
As someone on the inside, I can assure you that the buyers put down money up front for a specified product and delivery date. There is no speculation involved. They line up to give us money. Unless Microsoft et al. goes bankrupt, we keep building.
It’s not an issue of prediction, or prophesy, it’s that all the available information right now looks like a classic bubble. could it find profitably? idk. is it profitable? No. is there billions or trillions in debt changing hands too fast for anyone to keep track of? yes. is someone selling somke? most likely these are the situations in which con artists thrive. probably not everyone is intending to sell smoke. but not all of this is going to work out, some may come out on top, but some will fall, and that will be a bubble.
Going a step further, the builders that build with environmental and community concerns first are more likely to endure. My company does exactly that.
FTA:
Drawing on data from regulatory intelligence outfit RegLayer, the FT reports that 47 large data center projects have already fallen through this year. Analysts at the equity research firm Bernstein only believe that about 35 percent of planned facilities are feasible.
Would you dispute these claims, based on your experience?
lmao, which department do you work in that you’re on lemmy right now? Mail, or maybe food service?
Operations. DC manager.
So, HR? I would delete your location, btw. Don’t out yourself.
There are more than a dozen datacenters within 30 minutes of my home.
So, many are getting blocked and the AI bubble is going to pop in the next few years. Right now, this is where we stand. Notice, most are getting built where there is a lack of cool weather and water. Many states are starting to fight them because of this.
Honestly, I am confused by the rushed build out. If I was wealthy, I would be trying to ensure that my wealth isn’t being burned away for nothing. Having properly placed and authorized data centers would help protect my investment.
The Dotcom bubble and the 2008 housing crisis are still in living memory. Are the wealthy just that unaware - or worse, uncaring - about how things could play out? 🤨
I hate AI too but nothing this person is saying rings untrue to me. Even the article admits that data centers continue to be built, albeit slower. I know we all want the bubble to pop, but that could still be a ways off.
It’s not a bubble because of guess work, it’s a bubble because AI companies are taking on absurd amounts of debt, are trading that debt very quickly between themselves, and none of them have been able to show a profit and they are cheating every number in their favor and it still isn’t showing any profitably. so it’s not if the bubble bursts, it’s more, will this bullshit keep going if they never find profitably. all their avenues are pretty garbage, tokens are replacing payroll as a cut target for business, and the productivity they provide is not meeting need, AI slop is unpopular, police and military are slowly realizing a language model isn’t a reliable detective/ director of operations, also voters are alarmed they are trying to let AI do literally one of the most dangerous jobs you could trust to what’s effectively a particularly verbose racist toddler
If only these data centers held the information that would have told them they were being the asshole.
Uhh, they never were. Politicians were creaming over them because they’re basically funneling taxpayer money back to campaigns.
One thing I noticed while voting in the mid terms is how being anti data center is fairly bi-partisan even for maga dick bags.
Its NIMBY meets ethics. Pure coincidence.
The, we’re going to spend 10 trillion dollars on new data centers and they will use all the water and power messaging for stock pumping while people see costs increasing and rising water and power bills was a pretty direct and understandable message. Remarkably fast turnaround though ,it shows how most concepts are ossified while this was genuinely new and people were willing to change their minds on it.
Yeah, Google just destroyed 815 acres of forest for a new data centre in Finland without permission. It hasn’t gone down well.
What is the cost of replanting 815 acres of forest? I hope we find out.
Especially not with Finns. They like their forest, about 3/4 of the population goes and disappears into the forest during summer holidays.
And then, they are also quite strict on The Rules Being Followed To Maintain Polite Society, so a corporation both destroying forest and breaking The Rules, well, that’s not gonna end well.
Do they also have those lovely cabins you can rent everywhere, like in Norway? You’d never see my ass (except for work) if I lived there.
Every week I learn something about the nords that I like. I need to look at work visa options.
The Finnish government sold them that land. They knew exactly what Google was going to do with it.
doesn’t matter. there are laws that must be followed. they broke the law, openly, and someone found out and told people. now the politicians that sold the land have piss on their face and have to do something about it or risk being replaced.
also the fact that the ai chips wont be operational until a few years later, by then the AI models are all outdated.
Its not a monolith, older models are still useful because they’re less intensive and so more efficient for certain tasks. Those older models will likely still run fine on outdated hardware.
A lot of people imagine hardware that has been outdated as immediate e-waste. It sounds stupid because it would be stupid.
A lot of people saw what happened (And is happening) with Crypto mining. How long before dedicated ASICs for models start popping up? Those ASICs are retired generally after ~6 months now, and end up costing more than the mining would generate.
So, tons of ewaste, just from crypto companies.
If you have an outlook or gmail, start migrating off those email services now, before microslop and google evaporate.
It’s gonna happen fast when it happens.
Google and Microsoft are profitable without ai. So I’d assume the bubble popping will not crash them
Ok, but you should still be migrating off of them.
What a weird sequence of sentences to describe that no one likes data centers
people aren’t dropping their shorts…
cracks are forming…
Crack spread eh
Its divisive lol
Don’t worry, this administration will still drop their shorts. Hell, they’ll remove their lower rib cage as well just to further please the billionaires.
That’s exactly what I thought. Like wow, that part is in the headline? Lol
Lol, exactly. Someone was feeling frisky writing that headline lol.
A big crack…
Indeed lol
I’m studying his body. I’ve never studied the body of a man before. It’s not my thing. Nothing wrong with it, of course. But I looked at his ass and then I looked at his legs. I said, “His ass—shit—it’s like, it’s like a pile of muscle.” Then I looked at his legs, and I said, “Man, his feet are big.” Then I looked at his shoulders, and I tapped him on the shoulder, and it actually hurt my hand. It was like a piece of steel.
Hahahaha is that erotic fiction 101?
oops, left this off…
— Donald Trump
Hahahaha well that clarifies. Thank you. Lol
These companies are “too big to fail.” Just like last time, when the bottom drops out on these bad investments the debt will be socialized.
My theory is they want the democrats to win so they can come hat in hand to congress and ask for bailouts for this totally not essential and speculative industry.
