that’s because investment in ai is done in a circular way, nvidia gives money to openai, openai to nvidia, nvidia to softbank, openai to oracle, oracle to nvidia, etc. all of them are interrelated and the stability of each depends on the stability of the whole. of course it’s all imaginary money but it doesn’t take away the fact that if any of these fails to deliver the whole system falls apart. sure, massive data centers are not yet built, but the grid consumption is something that’s already happening, and it will be worse once they are done.
As the article said, the AI projects are in complicated financing structures. But let’s be honest, corporations have access to unlimited funds. There’s fuck-all regulations or restraints now. They get all the imaginary money. Banks are keen to lend to big corporations and they don’t care about risk or whatever. Regular Americans get zilch.
Everyone is pointing to the Jenga Tower getting wobbly but there’s no other moves in the game. People just keep adding blocks on top.
that’s because investment in ai is done in a circular way, nvidia gives money to openai, openai to nvidia, nvidia to softbank, openai to oracle, oracle to nvidia, etc. all of them are interrelated and the stability of each depends on the stability of the whole. of course it’s all imaginary money but it doesn’t take away the fact that if any of these fails to deliver the whole system falls apart. sure, massive data centers are not yet built, but the grid consumption is something that’s already happening, and it will be worse once they are done.
As the article said, the AI projects are in complicated financing structures. But let’s be honest, corporations have access to unlimited funds. There’s fuck-all regulations or restraints now. They get all the imaginary money. Banks are keen to lend to big corporations and they don’t care about risk or whatever. Regular Americans get zilch.
Everyone is pointing to the Jenga Tower getting wobbly but there’s no other moves in the game. People just keep adding blocks on top.