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Revealed: UK's multibillion AI drive is built on 'phantom investments'

theguardian.com

21–30 of 57 posts

Re: Revealed: UK's multibillion AI drive is built on 'phantom investments'

#21

The current government, like the last one, are just a front for funnelling income tax from the poor to the rich, and of course doing whatever the Epstein Regime wants them to do. But yeah, we need a power-hungry datacenter more than we need proper sewerage, proper water management investment, shorter hospital wait times, decent border patrol, or some of the fucking potholes fixed! Still, it makes a change to just giv…

[deleted]

Re: Revealed: UK's multibillion AI drive is built on 'phantom investments'

#23

The current government, like the last one, are just a front for funnelling income tax from the poor to the rich, and of course doing whatever the Epstein Regime wants them to do. But yeah, we need a power-hungry datacenter more than we need proper sewerage, proper water management investment, shorter hospital wait times, decent border patrol, or some of the fucking potholes fixed! Still, it makes a change to just giv…

> just a front for funnelling income tax from the poor to the rich,

I don't know about all the other accusations you make, but this one is pretty off the mark, considering this has been the most unpopular government amongst the rich in a while. I mean, it's Labour, what did you expect?

Re: Revealed: UK's multibillion AI drive is built on 'phantom investments'

#24
post #20

It's such as shame to see the country that produced the Sinclair Spectrum and so many classic gaming legends become so irrelevant in computing and gaming..

Counter- (or at least more recent data-) point: Raspberry Pi, Arm.

There's still stuff going on with Deepmind and Grand Theft Auto but a lot is owned by American companies these days. The UK is a bit lacking on the capital markets and the like these days.

Re: Revealed: UK's multibillion AI drive is built on 'phantom investments'

#25
post #8

The UK has been chronically bad at providing jobs and training for its young people. I saw that 20 years ago when I was there. That is a key reason, perhaps the primary reason, for its long term productivity malaise. And the response is to lean into a technology that will make this situation profoundly worse? It's another lazy quick fix that is neither quick nor a real fix. The UK needs to invest in its people, not f…

Patrick Boyle had I thought a very good youtube on what's gone wrong - not enough investment in productive capital and too much propping up house prices roughly https://youtu.be/T3neJOdknqc

Re: Revealed: UK's multibillion AI drive is built on 'phantom investments'

#26
From what i gather the red flags are

- coreweave used the initial investment to buy gpus and put them in existing datacenters, rather than building new datacenters from scratch

- nscale is very behind on their planned datacenter, and will miss the deadline

- coreweaves new datacenter in partnership with datavita is probably on track, but its not clear how datavita will get the 1GW of energy to run it

I lean towards AI skepticism, but these dont seem thay bad to me. My guess would be the first 2 are the promises of silicon valley velocity hurtling headfirst into european administrative process.

And the third seems like just the challenge the firm has taken on, which could be solved with huge solar plant or something. We wont know until they try. Which is ambitious but theres nothing wrong with that.

If there were credible red flags as to the demand for the supply these datacenters will generate, or the projected 47b boost to the economy if that supply were produced, then thered be real cause to doubt. Because the whole value chain might not be well thought out. And thays the part i personally am not entirely sure about.

But if thats fine then just being negative because the companies didnt meet their how ambitions is a bit cruel. And this sort of attitude will just suffocate any silicon valley style dynamism that europe might be hoping to cultivate

Re: Revealed: UK's multibillion AI drive is built on 'phantom investments'

#27
post #8

The UK has been chronically bad at providing jobs and training for its young people. I saw that 20 years ago when I was there. That is a key reason, perhaps the primary reason, for its long term productivity malaise. And the response is to lean into a technology that will make this situation profoundly worse? It's another lazy quick fix that is neither quick nor a real fix. The UK needs to invest in its people, not f…

The UK has 3 of the top 10 universities in the world: https://www.timeshighereducation.com/world-university-rankin...

It's a talent pool that many big employers want to tap into across a range of skills and industries. Cambridge is the best place to do bio-science and research. That is largely because the UK provides training and opportunities to its young people.

"I saw that 20 years go" is one data point that ignores the wider statistics. I'm not sure what else you can back your argument with.

Re: Revealed: UK's multibillion AI drive is built on 'phantom investments'

#29
European AI investment plans are always so timid. This article mentions a couple of investments on the order of $1.5-2.5 billion USD that their government says "would position the UK as a world leader in AI". Hard to imagine you can be a world leader in anything when investing two orders of magnitude less than your competitors.

Re: Revealed: UK's multibillion AI drive is built on 'phantom investments'

#30
post #8

The UK has been chronically bad at providing jobs and training for its young people. I saw that 20 years ago when I was there. That is a key reason, perhaps the primary reason, for its long term productivity malaise. And the response is to lean into a technology that will make this situation profoundly worse? It's another lazy quick fix that is neither quick nor a real fix. The UK needs to invest in its people, not f…

The UK has 3 of the top 10 universities in the world: https://www.timeshighereducation.com/world-university-rankin... It's a talent pool that many big employers want to tap into across a range of skills and industries. Cambridge is the best place to do bio-science and research. That is largely because the UK provides training and opportunities to its young people. "I saw that 20 years go" is one data point that ignor…

That's rather the point: the UK has been great at educating a very narrow sliver of its population, decided at 18 years old. Pointing to Oxbridge as a success story is very much like pointing to London as a world city. Yes, it's world class -- now look at the rest of the country.
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