Again, thank you for saying the same thing for the 100th time.
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Do you just copy and paste that stuff from your earlier posts or do you have to retype it all every time you want to repeat yourself?
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I disagree with 3rdWardCoog2 on a lot of stuff, but I disagree with the unfounded allegation that he repeats himself. In any case, here are my thoughts on the matter:
The demand for AI-driven data centers is continuing to be measured by market speculation.
AI as a standalone product is still unprofitable. Unless you’re a Google-type company where you have a multitude of products on the market to enhance your balance sheet, you won’t be making any money besides continuing to promise investors an AI breakthrough (in this case, AGI) which is what many investors are waiting for.
Where Sam Altman shines at is saying a whole bunch of nothing that investors take as genius. Sam continues to question his own product while saying just enough to keep investors invested.
AI, Data Centers, SMRs, etc are all incorporating market speculation into their value rather than just using actual value.
This is a bubble, and it’s going to pop eventually once investors can no longer keep their money in these technologies without seeing return.
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It isn’t unfounded but not worth anyone’s time to prove it.
I think you may have been well-served to read the remainder of the post.
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There are signs that the AI industry is in a bubble (positive revenue yet unprofitable/lack of ROI, unlimited spending), and I worry that it will be taxpayers funding the bill for these Tech giants in the exact same manner as the 08 crash
Banks will find a way to profit from it by shorting these stocks at the last second and selling securities on the same companies they are shorting
It’s not unthinkable. I mean, it seems that all the entry level white collar jobs have either been offshored to India or AI is eliminating them. Many recent college grads are struggling to find jobs. Well, jobs related to their degrees.
Nearly 2/3 of the jobs in the next decade? I’m not buying that.
That does seem a tad bit optimistic ( or is that pessimistic) ; however we have
been conditioned to certain rate of change, and if the curve goes exponentially,
its probably possible to concoct a one decade scenario. We may even be fully on
the metric system by then.
That x account is a troll / rage bait account
I was reading an article about some data center being built the other day and thought a bit about the power generation demands. Then today saw this article with the WSJ that seems many of these projects are building power generation as part of their projects a “bring your own power” approach. Just thought it was interesting.
I’ve heard this before and think it is the most
efficient and wise way to go about it. No need to burden the public grid and spread the costs
to residential customers.
I agree, and I wonder if some of those companies will decide to build for extra capacity and sell it to the grid.
That would probably be the smartest thing to do. It would just be additional revenue in that case.
That said, I get a bit nervous allowing Tech companies in charge of power supply.
Are the power companies really all that diffrerent?
Yes and no
Tech companies’ core priority is making sure their operations are up and running. If they sell energy to the grid to be used at the residential level, then unless their some sort of legalities, they again may prioritize their own energy needs over residential needs.
Data centers operate to serve scale. Residential is residential.