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So what I'm reading is that they're either making a gentleman's agreement to let Chinese labs run circles around them or the easy gains are over and they're now running into a wall (lemmy.ml)

submitted 1 month ago by yogthos@lemmy.ml to c/technology@lemmy.ml

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[–] emergencyfood@sh.itjust.works 2 points 1 month ago (1 children)

There will have to be a reckoning somewhere. There simply isn't enough electricity in any country except China to power data centres at the scale they are being proposed. As to who will end up holding the bag, you are probably right. I wouldn't be surprised if the contracts between companies and the municipalities are designed to let the companies get away, either through limitations on liabilities, binding arbitration, or some other legal trick.

[–] historicaldocuments@lemmy.world 2 points 1 month ago

Like someone else said (in this thread or some other) the places they're putting the datacenters need to be thinking in terms of infrastructure upgrades: water, fiber, and electrical lines, and they need to mandate putting the datacenter in some vacant industrial area that needs cleanup from some industry that moved to china in the 80s. Instead they're thinking in terms of jobs that just aren't going to manifest (I believe). There's already that video of the muni guy refusing to answer whether he'd signed an NDA or not. I wonder if the deal he signed was contingent on success of the venture.

At least with this announcement it seems like the winds are blowing more in the direction the people predicting a bubble said it would. AAPL became a trillion dollar company in 2018. Now NVDA is worth more than 5 trillion with AAPL on its heels. If it goes it may take some time to come back.