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Nvidia insists it isn’t Enron, but its AI deals are testing investor faith (www.theguardian.com)
submitted 10 months ago by to c/technology@lemmy.world
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[–] 8 points 10 months ago (2 children)

Open AI has announced over $1trillion dollars in infrastructure spending. I think you'll find near on everyone agrees it's a bubble, just not agreeable how big or the timeline of the burst.

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  • [–] -5 points 10 months ago (1 child)

    Well, one can say then also that US military is a bubble, it also hogs resources far bigger for the same results that poorer nations achieve. There are some things it does that can't be compared to others because nobody has the need or that much money, but what can be compared is not even factor 10+.

    It keeps getting that funding because of the position in the world it occupies.

    Or one can say that the Danish kingdom sitting on the Sound relying on custom fees for its budget and then going on adventures with mercenary troops was a bubble. That bubble was inflated and burst a few times before that happened finally (something-something Kiel canal), and for long enough periods of history that just was the reality.

    It's a relative thing if something is sustainable or not. When people are talking about Earth being expected to exist for enough time to be more afraid of global warming and microplastics and such, it means that Earth's existence itself is usually assumed to be indefinitely sustainable in our frame of evaluation.

    So what you said is true, but dotcoms also were a bubble.

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  • [–] 3 points 10 months ago

    It’s a relative thing if something is sustainable or not. When people are talking about Earth being expected to exist for enough time to be more afraid of global warming...

    Global warming is already having impacts on marine life, weather patterns etc. I'm not quite sure if I understand your point here.

    So what you said is true, but dotcoms also were a bubble.

    Yes they were, and a lot of money was lost. Much like AI. Many companies are pumping atronomical amounts of money into AI. They won't all succeed. There will be a significant loss of capital. AI will definitely stay in this world, but to what degree is the question.. enough to warrant over half the GDP of Australia being spent in a year by one company? Probably not.

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