Post by @Iusedtobeanalien

In reply to 2 earlier posts

@commander@lemmy.world on lemmy.world Open parent

Half of planned US data center builds have been delayed or canceled, growth limited by shortages of power infrastructure and parts from China — the AI build-out flips the breakers

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@Prove_your_argument@piefed.social on piefed.social Open parent

Makes sense. It takes years to complete construction projects and budgets always overrun. AI is a fad for most companies trying to get into it. Think about the dotcom bubble. We went from having all of these businesses that shot to the moon for valuation… and then it collapsed. Feels exactly the same. A few will survive to become metas and googles because it is not a worthless technology, but most of them are going to be worthless companies when investors decide it’s time to run.

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Iusedtobeanalien in !technology

@Iusedtobeanalien@lemmy.world · 14d

markets are now starting to punish tech companies that overextend on AI, a realisation has rapidly kicked in that Al is far from profitable. Winter is coming

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