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Comment To be fair... (Score 4, Insightful) 15

This is right on schedule matching up with the end of the dotcom era. Though back then everybody IPOd as soon as possible. Now it's just a bunch of Enron-esque circular deals with Theranos-levels of impossibility, so I guess one or two people will get rich, and a few companies will be left holding the bag.

Comment Re:Backlog (Score 1) 15

And let's not forget that when they're asking for gigwatts of power they now have to wait for the power plants to be built, which are a little longer lead time than backup generators...

Things are bad enough the brokers are contacting every single hole-in-the-wall with a closet calling itself a colocation facility if they have space for a dozen or two racks with 100kW power requirements. That is, 100kW *per rack*.

Comment Backlog of revenue? (Score 2) 15

So the companies that owe that trillion dollars are a trillion dollars in debt? What happens when this trillion dollar backlog just doesn't happen because the companies that booked it disappear because they can't service their trillion dollar debt? Sounds like it's time to head for the door...

Comment yeah, and it will be virtually free (Score 4, Insightful) 47

The AI companies already booked and paid for the fabs, and once they go belly up, that already-paid-for service will start churning out apple silicon instead of no-longer-needed junk for companies that no longer exist for customers that never existed. Meanwhile, apple will still be charging thousands of dollars for something that cost them nothing.

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