“AI is a money trap” – Ed Zitron
“Worse than that is the fact that these data centers will be, by definition, non-performing assets, and one that inflicted an opportunity cost that’ll be almost impossible to calculate. While a house, once built and sold, technically falls into that category (it doesn’t add to any economic productivity), people at least need somewhere to live. Shelter is an essential component of life. You can live without a data center the size of Manhattan.
What would have happened if companies like Microsoft and Meta instead spent the money on things that actually drove productivity, or created a valuable competitive business that drove economic activity? Hell, even if they just gave everyone a 10% raise, it would have likely been better for the economy than this”