Investments in data centers responsible for 92 % of GDP growth(twitter.com)
twitter.com
Investments in data centers responsible for 92 % of GDP growth
https://twitter.com/jasonfurman/status/1971995367202775284
2 comments
[dupe] https://news.ycombinator.com/item?id=45512317
When the AI bubble bursts, it is going to utterly eviscerate GDP growth for a generation. Or to be more precise, the bubble is so large that its popping will take a generation - or longer - for GDP to recover back to the values it currently has.
From some of the data I have seen elsewhere, the AI bubble is many orders of magnitude larger than any other economic bubble in modern economic history. And it represents the vast majority of data centre growth, energy consumption, and server hardware production for the last few years.
It’s going to blow a hole in our western civilization unlike anything else we have seen to date.
From some of the data I have seen elsewhere, the AI bubble is many orders of magnitude larger than any other economic bubble in modern economic history. And it represents the vast majority of data centre growth, energy consumption, and server hardware production for the last few years.
It’s going to blow a hole in our western civilization unlike anything else we have seen to date.