It seems clear to me that cloud LLMs have the same scaling problems and demand concerns that cloud gaming did.
Oh well, maybe regular people will have to still run software locally after all. 🤷
All that venture capital. Gone into rich people’s pockets.
It’s debt stacked on debt. The money isn’t real, just the consequences of decades of credit expansion.
Now we either deal with a cascading wave of defaults (a la '29, '73, '86, '08, and '23) or we rush in with state credit to bail out all the private lenders.
But there’s very little real money in real pockets. At the end of the day, it’s borrowing power that makes you a billionaire.
Where do you think the venture capital is coming from?
Other rich people.
Couldn’t happen to a nicer pack of jackals.
The bubble is actively breaking. Next couple months are going to be awesome. Along with oil prices making people think about getting an EV.
It’s a planning thing. My company has sewed up power capacity contracts with the utility providers very early in the process. We have outstanding capacity contracts available for future build out commitments. It’s the folks late to the party that are starting projects without a plan and then failing.
