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.
It will burst the same way the dotcom bubble bursted.
Just like the internet, AI will be here to stay.
Except AI in its current form is actually mostly useless.
Comparing the dotcom bubble to the AI bubble is like comparing a corn kernel to a corn cob at this point.
The US economy was more spread out and varied back then, and the bubble wasn’t over a third of the entire economy.
And you know, the internet actually had market value and was producing profit immediately at least. AI still has yet to turn any profits.
AI wouldn’t be so bad if the planet wasn’t being turned into computronium.