Panasonic has said demand for backup batteries is rising quickly, and it is largely driven by the expansion of AI infrastructure that requires stable, continuous power. It has already allocated around 80% of its planned output to existing customers, leaving only a limited share for new buyers attempting to scale systems.
They learned nothing from the NFT/“Metaverse” hype cycle, but a century of hindsight might help. There’s always going to be that golden goose that can make you insanely rich based on vague bullshit a lot of people don’t fully understand.
Some entities have too much money to invest in stupid endeavors, money that they took from everyone else and they can lose without worrying too much. It’s a rotten society.
Well yeah but money now.