Tech giant Oracle is suing the Public Service Commission of Wisconsin over financial requirements that regulators approved to protect ratepayers as developers build a $15 billion data center campus to expand its AI initiatives.
You see, investors sincerely believe that AI has value and more AI has more value. How do you create more AI? More data centers!
So now you have several hundred multimillionaires and billionaires, with almost zero understanding of what AI is, what it’s useful for and what it’s not useful for, but they believe with all their heart , more data centers makes wealth go up.
Now they are buying up land, with money they borrowed, to build data centers, with hardware that hasn’t been manufactured yet all to potentially realize financial gains that are backed by nothing but speculation and emotion.
This is what happens when you give the market fomo. Invent something magical that you don’t understand the inner workings of (a literal mechanical Turk).
The problem was that after the pandemic and crypto, too many investors were itching for a gold rush that would simply just replace the disgusting working class. I mean, they were already but that shit made them extra hungry.
You see, investors sincerely believe that AI has value and more AI has more value. How do you create more AI? More data centers!
So now you have several hundred multimillionaires and billionaires, with almost zero understanding of what AI is, what it’s useful for and what it’s not useful for, but they believe with all their heart , more data centers makes wealth go up.
Now they are buying up land, with money they borrowed, to build data centers, with hardware that hasn’t been manufactured yet all to potentially realize financial gains that are backed by nothing but speculation and emotion.
This is what happens when you give the market fomo. Invent something magical that you don’t understand the inner workings of (a literal mechanical Turk).
The problem was that after the pandemic and crypto, too many investors were itching for a gold rush that would simply just replace the disgusting working class. I mean, they were already but that shit made them extra hungry.