That makes the metaphor imperfect, but the data centers are being paid with circular money that isn’t there, based on the assumption that AI will make obscene amounts of money to actually pay their bills when currently they’re losing lots of investor money to subsidize the price, and they’re already talking about transitioning to a usage based system, which might push some enterprises to use a FOSS alternative from China.
We’re in a bubble, when it pops it’s likely many data center projects will be abandoned before they’re done.
isn’t that a good thing though? let billionaires lose money then just don’t bail them out. Either way the datacenters will remain useful and might actually benefit real work. This is btw how we got a lot of open technologies where corporate overinvests and then community takes over.
Considering the MIC is in bed with AI corporations I worry they will get bailed out to some extent, and that the gains will remain completely private, with taxpayers being expected to foot the bill (or alternatively, dealing with the inflation while their wages remain stagnant). I hope you’re right though, I really want there to be a positive in the end, I’m just skeptical on this front.
The silver lining to me is that there’s encouraging developments in FOSS AI, developed mainly in China. Maybe after the crash we can get somewhat cheaper GPUs to run them locally.
That makes the metaphor imperfect, but the data centers are being paid with circular money that isn’t there, based on the assumption that AI will make obscene amounts of money to actually pay their bills when currently they’re losing lots of investor money to subsidize the price, and they’re already talking about transitioning to a usage based system, which might push some enterprises to use a FOSS alternative from China.
We’re in a bubble, when it pops it’s likely many data center projects will be abandoned before they’re done.
isn’t that a good thing though? let billionaires lose money then just don’t bail them out. Either way the datacenters will remain useful and might actually benefit real work. This is btw how we got a lot of open technologies where corporate overinvests and then community takes over.
Historically speaking it’s most often your average citizen that pays for it in the end.
Considering the MIC is in bed with AI corporations I worry they will get bailed out to some extent, and that the gains will remain completely private, with taxpayers being expected to foot the bill (or alternatively, dealing with the inflation while their wages remain stagnant). I hope you’re right though, I really want there to be a positive in the end, I’m just skeptical on this front.
The silver lining to me is that there’s encouraging developments in FOSS AI, developed mainly in China. Maybe after the crash we can get somewhat cheaper GPUs to run them locally.