All that venture capital. Gone into rich people’s pockets.
It’s debt stacked on debt. The money isn’t real, just the consequences of decades of credit expansion.
Now we either deal with a cascading wave of defaults (a la '29, '73, '86, '08, and '23) or we rush in with state credit to bail out all the private lenders.
But there’s very little real money in real pockets. At the end of the day, it’s borrowing power that makes you a billionaire.
Couldn’t happen to a nicer pack of jackals.
Please let this be the beginning of the bubble burst 🤞
Also, what do you mean data centers aren’t all dark rooms lit exclusively by RGB lighting?!? I feel lied to…
I thought they were Disco Balls set to spin forever with Shoebody bop playing in the background
It’s a planning thing. My company has sewed up power capacity contracts with the utility providers very early in the process. We have outstanding capacity contracts available for future build out commitments. It’s the folks late to the party that are starting projects without a plan and then failing.
To address shortages, companies are turning to global markets. As a result, Canada, Mexico, and South Korea became the biggest suppliers of high-power transformers for AI data centers to AI data centers.
God I wish democracy meant that we could vote on decisions like this
God I wish democracy meant that we could vote on decisions like this
You can! Only problem is that it’s one vote per dollar instead of one vote per person.
If you don't remember the ballot you cast It's printed on every receipt you were passed Each time you selected our products and services We were elected in each of your purchasesCyberstream by the Stupendium
it’s one vote per dollar instead of one vote per person.
Damn that is well-said
The bubble is actively breaking. Next couple months are going to be awesome. Along with oil prices making people think about getting an EV.
It seems clear to me that cloud LLMs have the same scaling problems and demand concerns that cloud gaming did.
Oh well, maybe regular people will have to still run software locally after all. 🤷
