Oh look! Another bubble
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these AI companies and their data center is gobbling up A LOT of energy. Nvidia and OpenAI is planning an AI center that uses 10 GW of power lol. That is like 1/5th of a large city's power??
and then these assholes pretend to be concern about climate change.. they are making these 600w video cards and also video games gobbling up all those wattage too..
Energy would be dirt cheap if they didn't cockblock nuclear. There is a sudden renewed interest in nuclear precisely because they can't play their dumb degrowth playbook while chasing their AI dreams.
They could solve it by building nuclear stations nationwide (for everyone, not just data centers) but we know they’ll just reallocate energy from regular people to these large companies.
rolling blackouts are a sign that progress is working
The entirety of videogames is practically nothing in terms of power consumption compared to a single AI datacenter
Ironically video games rarely utilize 100% of the card. Less so these days as they do everything in low resolution and then use all the bullshit "AI" parts of the chip to magically upscale the output. Same with frame rates.
It's clear that none of the improvements in video cards over the past 5 years have had anything to do with the entertainment side of the product.
Those statements are essentially payola to the politicians and NGOs running that particular scam. No one but the useful idiots on the bottom actually believe it.
OpenAI doesn't need to earn 60 billion to waste it, it can just be provided as 'investments' by companies that have more money than sense.
Money isn't real. Its digits on a screen. Its only real for peasants like us.
Comments like these make me wonder how a society would function without money. Given how fake and gay our currency is becoming its getting increasingly hard to actually figure out what the real value of something is or should be.
Money is inevitable.
Letting bankers and governments conjure it out of thin air is the problem.
I think sci-fi has the right of it, the next form of currency in the near future might be some form of energy credit system.
What, like some form of fuel currency? A Petrodollar if you will?
Yes, except modernized for the fuel that is more universally relevent in a world with gigawatt server farms and most electricity isn't generated by petrol generators.
There isn't a fuel that's much more relevant than oil. It's basically the lifeblood of logistics. You don't need massive server farms to have a reasonably modern nation, you do need motorized transport though and oil is the best fuel for small motor vehicles as well as what almost all of them have been built for in in the last century.
Short of an entire global restructuring of logistical networks or massive advancements in alternative fuels oil just can't be beat in terms of importance due to it's versatility and utility for last leg shipping.
That's not right, because it implies energy is ultimately the only thing that has value, but there's also land, craftmanship and others. Making money solely about energy is like making money about gold: it's a step back in the abstraction of value that money is.
Money's not supposed to represent everything of value, it's an just abstract representation of value.
It's just much more stable if it's tied to something that has almost universal nominal value to most people. Like you have 10 cows and need a car, but the car salesman is vegetarian. Rather than barter in circles every time we need something we can instead habitually trade our specialty goods for a certain value of a good with near universal demand, which energy fits pretty well because we all like to have lights on in our homes (Amish not withstanding) and electricity is a near universal cost of modern manufacturing. Money is just an extra step of abstraction from that, where instead of having to physically have the goods in question, you can just have a reasonably secure promise that the money can be always traded for said goods.
I understand the definition of money. The problem is tying it up to anything as specific as energy. It's not encompassing enough.
Money is a proxy for barter. Instead of having to barter 300 eggs for a video game, you can sell them to the people raising cows and pigs.
Money is a proxy for debt.
No two bartering entities have exactly the right things for eachother at that moment.
Barter requires debt.
Genuine question: barter is trading what i have on hand for what you have on hand. How can debt even exist in that system?
I don't think "barter" actually implies on hand. It just means without money as an intermediary.
"I'll give you a defined amount of seed in the planting season and you'll give me a defined amount of wheat in the harvest season," is still barter. And that would be a form of debt.
I don't have 30 eggs today. I have 5. I'll have 30 by Friday.
I need the bolt of cloth from you today though. If I don't get it I can't make the eggs.
This is contrived, but you see how short term debt automatically must exist for barter to be actually successful?
A futures contract is the modern day abstraction of barter. I'll buy your corn harvest before you even plant it. In exchange you get all the money to actually grow the corn up front. This is just a debt contract.
OpenAI is either the next Google or the next WeWork
So nobody actually believes the cornfields will be paved over for data centers that each need an entire Hoover Dam of electricity, right? This is clearly a world economy-sized pump and dump scam perpetrated by Indians who have weaseled their way into executive positions at American tech companies and the rugpull is going to plunge the entire planet into economic darkness while they fuck off to...I dunno, Mars or whatever?
Elon making bigger and bigger rockers just so that he can ship all the browns to Mark. Brilliant move.
Feel sorry for that guy...
Who owns Oracle? And OpenAI?
Jews
Oracle's CEO is Indian, Sam Altman is Jewish
This is for the digital ID system j’w mafia is ushering in. Ellison is working with the British government to enslave their people through a digital ID system where AI will monitor everything you say and do so it can tabulate a social credit and a carbon credit score for every British citizen, meaning the Brit’s will live and behave however government dictates or else. That system is coming to the entire world, it is the beast system the Bible warned about. If your score gets too low, nobody will be able to interact with you unless they want their own social credit score to drop also. They are enslaving the masses and making it impossible for their subjects to revolt against their authoritarian takeover. AI, cloud services and an all-seeing all-hearing spy grid are necessary for the system to work properly.
https://www.linkedin.com/posts/steven-chambers-31b71913_tony-blair-and-larry-ellison-on-reimagining-activity-7358921678661328896-JSuD
Who wants to put down a short on Oracle? Could make a good bit of cash.
The market can stay irrational for far longer than you can stay solvent. You could also lose absolutely everything since you would be trading on margin. Good luck!
I can stay retarded longer than they can stay irrational.
Finally someone else with my investment strategy!
I think they're riding this bubble for a good while longer yet, probably way too soon to start shorting.
Public companies operate on accrual instead of cash accounting. Just like government can print money these companies are learning they can manufacture stock value with bullshit paper. Buy gold and guns.
This one is actually just money laundering. I've seen very little evidence this is driven by retail speculation.
While you aren’t necessarily wrong, I do a lot of investing and related research and the direction things are headed is the smaller scale nuclear reactors onsite for data centers (SMR). There are a lot of company prospects to fill that niche so the power side of things I don’t think will be an issue - there may be a short term lapse in supply/demand - but ultimately there is a solve for it. The main challenge is monetizing AI to match the projected revenues in my opinion.
Oracle being competitive with AWS and Microsoft on the cloud market is the most laughable part of this. Of course that won't matter if they use nepotism to get huge government contracts, not that Oracle would ever do such a thing!
Stock value considers potential future earnings. If you think you know the future better than everyone else, there's money to be made.
AI has been in a bubble for years at this point.