Independent thinking for complex markets and current events
Railroads left tracks that powered America for generations while AI chips get replaced every three years like fast fashion. Data centers will sit idle or get bailed out by governments because private revenue never covers the power bills. This is not infrastructure it is a surveillance grid funded by hype and debt. When the bubble …
Authored by Charles Hugh-Smith via oftwominds, The AI boom shares all the risk profiles of previous speculative manias but lacks society-wide benefits while generating fast-metastasizing negative consequences and costs. The idea that the current bubble in AI data centers is an echo of the railroad-construction bubble of the 1870s is appealing–but only half-right. The completion of …