PEnns Who would have thought this boondoggle / scam / bubble (I hate to be redundant, yet here we are) is expensive!! But don't worry fellow peasants, because " President Donald Trump made tech companies promise with the "ratepayer protection pledge" A promise?? A pledge!! LOL!! Sounds so reassuring….. especially these days!! The Tech Bros are laughing all the way to their Swiss banks while the peasants pay the bill. PS: The AI defenders (who it seems don't live in those states) will be busy defending this AI socialism any moment now…..(I'd love to see how they would spin this as not "socialism" for the rich!! Reply
warezme Exactly because this administration does not have a track record for keeping pledges or promises. I'm surprised there was even an attempt to hold the industry accountable for the consequences of large water and electric resources they would be using. Reply
Roland Of Gilead This is the harsh reality. And not for just one US state, but also for an ever-growing list of countries around the world where AI Data Centres are becoming more prevalent. In my country, 23% of total electricity consumption is by these AI data centres. And, we are only a country with a 5 million population. As it stands general consumers and business are having to absorb the electricity cost during the build of these centres (which IMO should be charged to the companies building these, before they even get planning), but also the initial costs for having to add infrastructure to handle the capacity. IMO, the tech industry should be paying for all cost related to the setup in advance of being the e go-ahead to build. Not retrospectively as is now. Stop ripping off the people who really can't afford much higher costs. We are already at the bottom. Also, in my country there are over 300,000 consumers (families, normal Joe Soaps) that are currently in debt with electricity and gas supplies. This is unsustainable. Reply
SonoraTechnical Meh, you'll pay it and you'll like it. Tech bros dictate. It's all fouled up beyond any recognition and folks won't stop their cultural wars long enough to even know it's happening. And the natural world? Apparently the hell with it. This is a class war and you are going to see the biggest transfer of wealth this country has seen in the next 5 years… and no one will do a damn thing about it because everybody is too busy hating on their neighbors. The bourgeoisie has the proletariat fighting one another and the government funding the expansion of it's interests everywhere else. Huxley, Orwell, and Carlin would be proud. Reply
Ralston18 Thread is already heading towards derailment. Closing thread according. Reply
Key considerations
- Investor positioning can change fast
- Volatility remains possible near catalysts
- Macro rates and liquidity can dominate flows
Reference reading
- https://www.tomshardware.com/tech-industry/artificial-intelligence/SPONSORED_LINK_URL
- https://www.tomshardware.com/tech-industry/artificial-intelligence/maryland-citizens-slapped-with-usd2-billion-grid-upgrade-bill-for-out-of-state-ai-data-centers-state-complains-to-federal-energy-regulators-says-additional-cost-breaks-ratepayer-protection-pledge-promises#main
- https://www.tomshardware.com/subscription
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Informational only. No financial advice. Do your own research.