“The AI bubble is a jobs program” is an… interesting take.
it’s a lot more productive than the circle jerking fraud of the mortgage derivatives crisis
No value is being created here. It’s a circular shell game and it’s going to wreck the economy for everybody.
I’m guessing you wren’t around for the collapse of companies laying fiber infrastructure, a la MCI and Global Crossing? That was 20 years ago. Some of the fiber is being used now, but not a lot.
it’ll leave in its wake a huge glut of computing power
And what, pray tell, will we do with this glut of computing power? They’re specifically purpose-built hardware in specifically purpose-built data centers. They’re not good for anything else than these LLM models.
But, we’re burning more coal to power these, so… 🤷
“The AI bubble is a jobs program” is an… interesting take.
No value is being created here. It’s a circular shell game and it’s going to wreck the economy for everybody.
I’m guessing you wren’t around for the collapse of companies laying fiber infrastructure, a la MCI and Global Crossing? That was 20 years ago. Some of the fiber is being used now, but not a lot.
And what, pray tell, will we do with this glut of computing power? They’re specifically purpose-built hardware in specifically purpose-built data centers. They’re not good for anything else than these LLM models.
But, we’re burning more coal to power these, so… 🤷