And pension funds almost certainly are in the VC funds getting huge windfalls from Anthropic and OpenAI exits.
Also, one can imagine the opposite situation creating the same outcry: "retirees are being frozen out of AI returns".
seizethecheese
Somebody explain:
AI companies and hyperscalers' kamikaze spending on data centers may not be profitable. But they seemingly have no choice because everyone else is doing it.
Would anti-data center measures be like an arms control treaty in this arms race? Maybe if they force companies to spend slower it'll actually be good for everyone's finances.
triceratops
The risk of all risks today is wether OpenAI will survive. I just watched Zitron is convinced they will not [1]. Eisman said OpenAI flop will cause recession [2].
>This account doesn’t exist. Try searching for another.
hnburnsy
Heh. Don't worry, by the time those missing savings would really have an effect, they won't be needed; AI will be providing all the basics+ for free. Or things will be so bad that they'd be worthless anyway.
skeledrew
Didn't see them complaining when their fund went to the moon tho
avereveard
Is this really the best argument they can make? A 4.5% correction bringing the S&P500 down to only a 11.5% YTD return? And a quote from a guy who's predicted 14 out of the last 2 bubbles? That's it?
comments (9)
teddyh
Also, one can imagine the opposite situation creating the same outcry: "retirees are being frozen out of AI returns".
seizethecheese
AI companies and hyperscalers' kamikaze spending on data centers may not be profitable. But they seemingly have no choice because everyone else is doing it.
Would anti-data center measures be like an arms control treaty in this arms race? Maybe if they force companies to spend slower it'll actually be good for everyone's finances.
triceratops
1 https://www.youtube.com/watch?v=YB3XE8mWNF0
2 https://www.youtube.com/watch?v=w1dRDj1QRks
novaRom
exabrial
>This account doesn’t exist. Try searching for another.
hnburnsy
skeledrew
avereveard
GaryNumanVevo