“If we pass the same $5 around enough times people won’t notice”
GDP go up
The circle jerk continues.
Jerk Circleburg
The company building data centers in tents just rented them out for $10 billion?
I got to start taking laptops camping. Maybe I’ll make my money back.
The AI hype/scarcity frenzy (bubble) was based on Meta and xAI hoarding GPUs for themselves instead of reselling compute, making it abundant instead of scarce. All of the other datacenters were hoping to have them as customers instead of competitors.
2 lies in article:
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byline “proves compute is scarce” is opposite. This is not a real datacenter rental deal. It is a “can quit anytime” show deal. Token consumption is down 20% since march peak.
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“Compute costs are rising exponentially”. Blatant lie, in terms of compute pricing $/gpu hour. Rates are near their accounting floor (though not at rock bottom) for H series, and the faster newer cards are just 2x the $/hour instead of the 8x saturated performance difference.
Tokens are down partly because it’s summer tbh
- hype frenzy is based on doubling every few months.
- OpenClaw frenzy turned out to be very expensive for limited benefit, with security concerns/failures. No big new hype agent app.
- “Tokenmaxing is good for you” only made sense before you got the bill.
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Zitron’s sign of the AI-pocalypse.
Sign number what though?
I agree with most of his points but can’t listen to him for more than 5 minutes at a time.
…and around and around the fake money goes, all while they steal all wealth from the Mericans that believed the fake gospels of the Capitalist religion…
Corporate LAN party
