One Rich Asshole Called Larry Ellison
And all those lawyers and other people who are happy to take his money to fuck everyone else
CUB’s expert also noted that the failed energy and commodities firm Enron had an investment-grade rating four days before the company filed for bankruptcy protection.
lol
Wisconsin trying not to get Foxconned again?
sorry all the water in this state is for cows and cranberries, and ginseng I guess, and people
You wonder, do data centers do any good at all? Some using tons of pure drinkable water is also bad.
Datacenters? Yes, to an extent. They enable things like the modern internet, public goods like Wikipedia, etc.
AI datacenters? No.
70% of the modern internet is bots botting for bots
i’ll take the drinking water
The internet isn’t taking your drinking water
5 years ago sure
how do you think ai being used today? most ai isnt locally hosted
The internet and AI are two different things.
The internet wasn’t taking your drinking water 5 years ago and it’s not taking it today.
lol the internet is 70% bot traffic today
wanna bet more and more of that is ai driven?
The things using the internet is irrelevant. The fact remains that the internet itself is not taking your drinking water
Data centers have been around forever. Supercomputers and other large racks of computer hardware have been housed in them for decades. They have done a lot of good for research.
Even if you didn’t have AWS and the like modern sites/tech products need a lot more hardware than your random desktop computer to work. And that needs to be housed somewhere.
The AI ones they’re trying to build now to try and stack tech feudal territory? Probably not. I don’t think the demand is gonna be there long term.
Even if you didn’t have AWS and the like modern sites/tech products need a lot more hardware than your random desktop computer to work. And that needs to be housed somewhere.
They really don’t, everything is just hideously inefficient these days.
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.
Guarantee not the ones owned by Oracle.
Oh?
