the data centre funding part of the AI bubble is a stupendous and systemic financial risk. it is possible this might work out badly
https://app.ft.com/content/9cb63980-cd43-419d-a7e5-42039b9fd01e
archive: https://archive.is/aMp1n
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@davidgerard on the other hand, once the house of cards does indeed collapse with a loud Plopp!!!, DDR5 RAM will be so horribly cheap again you can probably wipe your arse with a 256GB stick and still have some coin left over for a good cup of coffee ... !
A bit besides the point of the article, but:
By 2030, tech companies are expected to pour $7tn into data centres — enough money to feed every person in China for three years.
Or about 9 years of FT subscription for every person in China! What an inane comparison 😂
@davidgerard the darker possibilities are that they might be repurposed into detainment facilities for dissident Americans.
We are in the presence of great evil. There is no telling what the true nature of these facilities is supposed to be.
> Larry Fink, BlackRock’s chief executive, called the combination the “future for financial engineering”
I presume this is all fine and these people have never been wrong before, I haven't got time to check right now
