‘THE HIDDEN COST OF AI: THE ENERGY CRISIS BEHIND THE DIGITAL REVOLUTION’ A solution to the #Ai Artificial and fake production of Information energy problem; stop stealing #IP and pay people to support information processing structures? #CorporateGreed #UnsustainableGrowth
#FascistCompetition #DeathCults #CorporateDeregulationMonopolies #TheGreatCollapse #MADTechCults #TechBubbles

‘To give you a more concrete idea, a single AI data center can use as much energy as 100,000 homes. The largest ones under construction are projected to use 20 times more, putting them on par with massive industrial plants like aluminum smelters or steel mills.’ https://www.alerion.it/en/articles/the-hidden-cost-of-ai-the-energy-crisis-behind-the-digital-revolution/

> What Kind of Bubble is AI, tech writer Corey Doctorow writes ‘Tech bubbles come in two varieties: The ones that leave something behind, and the ones that leave nothing behind. Sometimes, it can be hard to guess what kind of bubble you’re living through until it pops and you find out the hard way.’ Past manias, such as the 19th-century British railroad bubble at least left useful infrastructure. It is hard to see what other uses there can be for all these data centers.
#CoreyDoctorow #TechBubbles #BubbleInfrastructure #BubbbleNothing
Ah, the classic tale of overhyped techno-dreams 🌩️, with AI as the latest star on stage. The author fearlessly predicts a rise and fall akin to past tech bubbles—because who doesn't love a good economic rollercoaster 🎢? Meanwhile, the numbers apparently decided to play hide and seek, refusing to join this grand saga. 🙈📉
https://www.derekthompson.org/p/this-is-how-the-ai-bubble-will-pop #techbubbles #AIpredictions #economicrollercoaster #overhypedtechnology #datahiding #HackerNews #ngated
This Is How the AI Bubble Will Pop

The artificial intelligence boom is the most important economic story in the world. But the numbers just don't add up.

Derek Thompson

"Veteran technologist and author of Unicorns, Hype and Bubbles: A Guide to Spotting, Avoiding and Exploiting Investment Bubbles in Tech (2024) reveals the truth about tech bubbles and the devastating financial impact of the current AI bubble when it bursts!

Dr. Jeffrey Funk is a professor and consultant with a 40-year career focused on how new technologies emerge and diffuse. While teaching in Japan in the late 1990s and early 2000s, he was among the first to recognise the potential of smartphones. He worked closely with several Western companies to assist with their implementation of mobile technologies.

After moving to the National University of Singapore in 2007, his research on the economics of new technology led him to identify and become a critic of the "innovation slowdown"."

https://www.youtube.com/watch?v=lmJTb9Hb1T4

#AI #GenerativeAI #AIBubble #TechBubbles #FinancialCrisis

Dr Jeffrey Funk: The AI Bubble will end in financial catastrophe

YouTube
Sam Altman’s warning that AI investors are over‑excited echoes the 1840s railway mania and the 1990s dot‑com bubble, with data showing 95% of AI firms earn no return. The pattern is familiar: a breakthrough, cheap capital, speculation and eventual reality checks. #AI #TechBubbles #Investing #History #Innovation https://craigmccaskill.com/ai-bubble-history
The Bubble That Knows It's a Bubble

The four words that precede every crash: “This time is different.”

Proof that AI is bunk: Nav is still so stupid

AI is supposed to revolutionize everything, but I call BS. AI is 90% smoke, mirrors, and promises that will remain unfulfilled.

Given a choice between fulfilling a past promise and making a new one, tech companies will generally choose the latter.

Let’s look at an application that should benefit from AI and showcase AI’s potential but is still as dumb as a post: Navigation.

Nav is still […]

#AI #BadSoftware #Navigation #TechBubbles

https://swduncan.com/2024/10/29/proof-that-ai-is-bunk-nav-is-still-so-stupid/

Proof that AI is bunk: Nav is still so stupid – SWDuncan

The Rot-Com Bubble

If you enjoy this post, why not subscribe to my podcast Better Offline? This week's a two part deep dive into the Rot-Com Bubble. The noxious growth-at-all-costs mindset of the Rot Economy sits at the core of every issue that I've ever written about. It’s the force that drives

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