Over investment in AI data centers is having a huge negative impact all over the economy. Other sectors are missing out on investment limiting their growth and stalling the economy. Companies have reduced staff prematurely on the promise of productivity improvements that have not occurred and lost customers to terrible customer service and declining product quality. Many hardware launches are going to be delayed or n…
In some ways it's pretty interesting to watch the entire world mobilize production for AI; some folks like to call this "hyperstition" as the future AGI reaches backwards in time to compel its own creation. Wild, but when trillions of dollars - i.e. millions of people's entire life output of work - are being put into something, it's truly an effort on a scale that no societal project has ever been before. There's no leader, nobody is in control, nobody has the grand vision other than "build the thing and get rich in the process". Amazing times to live in. The best use of our time and resources and coordination? Probably not... as we look around our broken cities, stepping over our poor and hopeless...