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.
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.