I think all these datacenters aren't being built for generative AI, they're built for surveillance AI. So yeah, we'll bail them out somehow, most likely through government contracts.
In the 1950s we were promised a 30 hrs work week and higher wages. Didn't happen. Tech bros are in that same church, different pew. If there are profits to be had, the oligarchs will get tĥem.
The AI bubble is arguably popping already. The top AI and chip companies are engaging in circular financing to each other. Circling the financial drain, so to speak. I've taken what little investment we have and gotten a far away from AI as I can. When it pops, the rest we can hope for is a severe recession. The worst...
I think all these datacenters aren't being built for generative AI, they're built for surveillance AI. So yeah, we'll bail them out somehow, most likely through government contracts.
In the 1950s we were promised a 30 hrs work week and higher wages. Didn't happen. Tech bros are in that same church, different pew. If there are profits to be had, the oligarchs will get tĥem.
The AI bubble is arguably popping already. The top AI and chip companies are engaging in circular financing to each other. Circling the financial drain, so to speak. I've taken what little investment we have and gotten a far away from AI as I can. When it pops, the rest we can hope for is a severe recession. The worst...
Great essay, Joe.