Ye olde “There were two economists who were shipwrecked on a desert island. They had no money but over the next three years, they made millions of dollars selling their hats to each other” joke but with a massive tech bubble.
when life imitates art
Zitron’s covered it but it’s not $100 billion. It’s $10 billion released every 1GW of data center capacity built, for 10GW total. It costs about $32B to build 1GW of data center capacity so this deal is really letting OpenAI earn negative two hundred billion dollars.
But I asked chatGPT and it said AI is a really successful business model and the AI bubble is just a myth!
“But if we pour in massive amounts of state subsidies, the working class shoulders the cost and it’s 100% profit for us!”
Approximately 11000% of it, obviously.
