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.
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
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? 🤨
A fool and his money, people really confuse success with cleverness, intelligence, and even foresight, often successful people don’t even know why they’re successful, and statistically it rarely has to do with their personal choices, it’s often dumb luck, people rarely have original ideas and make novel choices, human gonna human.
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.
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
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.
https://www.electricchoice.com/datacenters/
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? 🤨
A fool and his money, people really confuse success with cleverness, intelligence, and even foresight, often successful people don’t even know why they’re successful, and statistically it rarely has to do with their personal choices, it’s often dumb luck, people rarely have original ideas and make novel choices, human gonna human.