xpda "Orders for turbines, engines that convert natural gas into the electricity" This is misleading. Natural gas is burned, boiling water and producing steam. The steam is used to turn a turbine. The turbine turns a generator. The generator produces electricity. And noise. The technology is over 100 years old. Solar power, on the other hand, converts sunlight into electricity. Reply
KitsuneKas xpda said: "Orders for turbines, engines that convert natural gas into the electricity" This is misleading. Natural gas is burned, boiling water and producing steam. The steam is used to turn a turbine. The turbine turns a generator. The generator produces electricity. And noise. The technology is over 100 years old. Solar power, on the other hand, converts sunlight into electricity. This is a needless distinction. The end result of this chain is that the input of natural gas is converted to the output of electricity. As a reminder, not all solar power is photovoltaic either. Some solar power uses mirrors to hear a boiler, which spins a turbine, which turns a generator, which creates electricity. It's still solar power. Reply
Callic Why is elurch spreading false information? Because it's bound to be something he thinks he can make money from. Reply
80251 Isn't this the kind of mistake that should cost someone their job? Losing $3.7 billion dollars isn't like losing your wallet. Reply
DS426 A publicly-traded company speculated away $3.7 Bn? Regulators must be even weaker in Japan than the U.S. as even the SEC would probably be on this. This isn't just a little "whoopsies" like @80251 said. Reply
bill001g I never feel bad when scalpers make a bad bet and lose. I would have to dig around and find out how much money they got out of investors in the middle east to buy their corporate bonds that they were going to spend on AI projects like this. Maybe they knew this was coming and just borrowed some money to cover it. I wonder what happens if OPENAI does the same thing to them on this data center they are building. Its not like openAI has pots of money sitting around like softbank does. But it does seem nvidia also has massive money bet on this data center also. Reply
TerryLaze ejolson said: Given the pervading idea that political processes rather than technological innovation is better for solving the problem that things are too expensive, it's not surprising that additional electrical power infrastructure has been cancelled. SoftBank is no charity organisation, so don't expect another chance. It's not like people need electricity to charge their battery powered cars either; it's greener too pull those cars with horses because the horses produce fertilizer. No I Α or otherwise was used in the creation of this post. FTFY. They pre ordered for their own datacenters and ordered more than they needed, that's just common sense when you need something in the future that is heavily fought over, you guarantee the supply for yourself and also deny that supply to your competition. Now they don't need all of that pre order anymore so they cancelled the excess. You can bet anything you want that the operation the turbines were for is still a huge profit for them. Reply
Bunny Ramirez All the regulators worried about movie studios and minor app developers merging when two companies own the entire global turbine market through years of acquisitions. Reply
Key considerations
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Reference reading
- https://www.tomshardware.com/tech-industry/data-centers/SPONSORED_LINK_URL
- https://www.tomshardware.com/tech-industry/data-centers/softbank-loses-usd3-7-billion-on-canceled-ai-data-center-gas-turbine-orders-days-after-denying-elon-musks-claim-it-was-defaulting-company-kills-reserved-13-gigawatts-of-power-more-than-six-hoover-dams-worth-of-capacity#main
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