Gas prices should increase the cost of running data centers but when did AI ever need a profitable business model
Let Trump cook...
Submitted 16 hours ago by heartbreaker@sh.itjust.works to [deleted]
https://sh.itjust.works/pictrs/image/d42fb2d2-6f16-4e16-a1fb-120821db7dfb.png
Comments
ShinkanTrain@lemmy.ml 15 hours ago
UnderpantsWeevil@lemmy.world 15 hours ago
Data centers in Silicon Valley stand empty, awaiting power
One of the more curious artifacts of the recent surge in data center construction has been filling these megaliths with hardware and then… not plugging them in. Either because turning them on would flatten the local electrical grid or because they’re loss-leaders for which data cycles only cost the company money.
So you’ve got this multi-billion dollar paper asset that wows investors while it gathers dust. And then you go off to build another one, because people will fling their unlimited borrowing power at you to reap another quarter of double-digit growth in speculative valuation.
crunchy@lemmy.dbzer0.com 14 hours ago
It’s okay, Trump signed that executive order telling them to provide their own power for data centers. Which means now our tax dollars won’t just be used for data centers, they’ll be used for power plants too. Another executive order or two and we’ll see company towns come back.
ThePantser@sh.itjust.works 15 hours ago
The power companies will just raise residential rates and cut the AI costs.
MajinBlayze@lemmy.world 15 hours ago
This might age poorly, but wishful thinking, I think.
Nothing about the “AI” speculative bubble is likely to be impacted by the war in Iran.
theunknownmuncher@lemmy.world 15 hours ago
oil skyrocketing in price and the economy and stock market taking a huge hit could cause the investments required to prop up the bubble to run out of steam
MajinBlayze@lemmy.world 14 hours ago
The parts of the economy that would be heavily impacted by oil prices are already in the gutter.
UnderpantsWeevil@lemmy.world 15 hours ago
the economy and stock market taking a huge hit
Two things that have also failed to manifest, in large part thanks to the prolific state spending following COVID.
Keep in mind, the event that really knocked over the tower of cards in 2008 was Greenspan’s decision to raise interest rates (very sharply) in 2007. Trump’s very obviously not going to do that. If anything, he’s been working overtime to get interest rates lower, because he knows cheap money = high (raw) GDP growth and low unemployment.
What we’re seeing isn’t recessionary. It’s a glacial shift in the economic priorities of the US, from a post-Reagan titanic banking juggernaut to a more-WW2-style global arms depot. The US economy increasingly makes cops and bombs and machines that assist cops and bombs. And there’s no recognized upper limit for demand on these goods and services. Not under current geopolitical conditions, anyway.
pennomi@lemmy.world 15 hours ago
If anything, department of war spending on AI might prolong the bubble.
Tar_alcaran@sh.itjust.works 14 hours ago
Nah, the DoD contract is also very likely running at a loss, like every other subscription.
crunchy@lemmy.dbzer0.com 14 hours ago
Makes you wonder if that was the idea. They used AI in the Venezuela attack, too.
There’s also the betting market that Trump is very friendly towards, and we’ve already seen bets on military strikes pop up days before anyone knew about it, so someone’s making money on insider info.
VinegarChunks@lemmus.org 11 hours ago
Meme feels like
- Steal underpants. . .
- Profit!
Fedizen@lemmy.world 6 hours ago
High gas prices killing AI was not on my bingo card but it is funny as fuck.
Mwa@thelemmy.club 11 hours ago
Praying for the burst 🙏
FinjaminPoach@lemmy.world 15 hours ago
“What the f? we can’t even use this to kill children efficiently??” - when Sam Altman’s WarGPT fails to prove itself
everything they like (oversized pick-up trucks, semi automatic rifles, alcohol) are used to kill children more efficiently than their alternatives
Tigeroovy@lemmy.ca 11 hours ago
Too many steps until then.
Hylactor@sopuli.xyz 15 hours ago
I think it’s more like sending a second out of control train to catch the first one. There’s no doubt eah train will crash, and that it will be bad, but now we have more variables as to which will crash first and how bad, with the exciting new possibility of each making each other worse ghan they would have been.
denial@feddit.org 15 hours ago
Don’t let Trump do anything, if you can help it
felsiq@piefed.zip 15 hours ago
Including breathe
BananaIsABerry@lemmy.zip 8 hours ago
I know this is a shitpost but damn, anti-AI dudes are really out here hoping that the killing of Iranians results in AI imploding
UnderpantsWeevil@lemmy.world 15 hours ago
I’ve had “AI Bubble Burst” on my bingo card since 2023.
floquant@lemmy.dbzer0.com 8 hours ago
I have a bad feeling the MIC might prop up the bubble. It’s been the US’s “economy up” move for decades
Formfiller@lemmy.world 44 minutes ago
Shut them all down