Silicon Valley’s trillion dollar AI bet slams into a wall of pure American resistance.

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A fresh Gallup poll reveals 7 out of 10 Americans explicitly oppose building AI data centers in their neighborhoods…
Protesters packed the Utah state capitol this week to block a massive hyperscale facility threatening the Great Salt Lake basin…
Senators introduced a federal moratorium act to freeze all new data center permits above 20 megawatts…
Aurora, Illinois passed some of the nation’s strictest zoning laws to curb massive data center water and noise pollution…

Geiger Capital
@Geiger_Capital
Americans are overwhelmingly against AI, specifically the buildout of data centers…

Everyone you talk to outside of tech/finance.

This will be a huge issue in 2028 and unless you want Bernie and AOC running America’s national AI policy, Big Tech needs to clean up their pitch to the Middle and especially the Right.

Jeff Bezos, Bill Gates and Mark Zuckerberg telling Americans that they need to use their land, resources and electricity so that we can “beat China” is laughable. If that’s the goal then Gates wouldn’t have pushed insane climate policies on our own nation for 15 years, and Zuckerberg wouldn’t have funded groups facilitating mass illegal immigration.

If Big Tech really cared about America winning and “beating China”, Amazon wouldn’t be replacing American tech workers with H-1B’s to save a few bucks. They certainly wouldn’t hire Chinese nationals and put them directly into America’s most important companies.

Aside from Elon, Big Tech has done almost nothing for the Right in America. Except censor them. The path ahead is: Nationalism vs Communism. One side is already trying to seize your assets and would likely cheer if you were gunned down in the street tomorrow. Tech guys should consider backing their newfound “patriotism” claims with policies that actually support it.

Mac10
@SuburbanDrone
AI is the by far the largest bubble in human history just by the current year $750b hyperscaler spend alone. However the business media MUST always pretend it’s not a bubble, to protect their subscribers from the truth.

WSJ: Why It’s So Hard To Spot A Bubble
https://wsj.com/finance/stocks/why-its-so-hard-to-spot-a-stock-market-bubble-63f40a1c?st=cdJ65r

Ironically, this past week the WSJ also commented that a 175 year old cookingware company got caught up in the AI “Craze”:
https://msn.com/en-us/money/other/the-chip-craze-is-turning-a-glass-company-and-a-toilet-maker-into-ai-stocks/ar-AA22xWJl

I already knew which company they were referring to, before I read the article. But how did I know?

Because people were just as shocked to learn that Corning Glass makes fiber optic cabling AND cooking bowls, in 2000 as they are now. This exact same story came out 26 years ago.

And we all asked, “Is this a bubble?”

An AI hate wave is here

If AI were a candidate for political office, it would be losing in a landslide.
Why it matters: The AI hype cycle would have you believe the technology is inevitable. But AI backlash is growing, as people worry it will steal their jobs, jack up electricity rates and further enrich the wealthy, all while hurting the environment.
State of play: A commencement address went viral this week after Florida real estate executive Gloria Caulfield said “artificial intelligence is the next Industrial Revolution,” sparking a chorus of boos from the crowd.
The speaker could have avoided the jeers had she checked the latest polls: Only 18% of young people ages 14 to 29 say they feel hopeful about AI, according to a recent Gallup survey.
The disdain spans generations and political parties. An Economist/YouGov poll released this week showed over 70% of Americans think AI is advancing too quickly, with 68% of Republicans and 77% of Democrats saying it’s moving too fast.
Other YouGov polling shows negative views of AI rising from 34% three years ago to just over 50% now.
Between the lines: AI executives aren’t doing much to quell the backlash, which is already showing signs of slowing the industry. Some of them appear unfazed — or unaware.