Comment Re: Hardware will be fine (Score 1) 39
That's the core problem with the current trend. Not that AI can't be useful, but that the current business models the major players are using are fundamentally broken and no-one seems to have realistic path to profitability when factoring in how fast their costs are growing. OpenAI has currently has around 1,4 trillion [techcrunch.com] (not a typo, trillions, not billions) of datacenter commitments set up for the upcoming next 8 years, and their yearly revenue is less than 2 % of that yearly (~20 billion), if we believe Altman's own figures which are probably overly optimistic, and they're nowhere close to getting enough external funding to cover those commitments.
Am I correct in saying that the potential losses here might sink entire countries, never mind corporations? Is the AI craze likely to result in multi-country depressions? Not to mention the longer-term costs - borne by almost everyone on the planet - associated with the unconscionable increase in AGW that the AI revolution represents?