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IBM CEO says there is 'no way' spending trillions on AI data centers will pay off at today's infrastructure costs
(www.businessinsider.com)
"We did it, Patrick! We made a technological breakthrough!"
A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.
AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.
Lemmy is rather over-the-top for AI hate. I agree it can be damned useful, but can't see it ever paying off for these companies.
My bitching revolves around two items:
It's a fucking environmental disaster. Even without these data centers, we're draining aquifers that took 1,000s of years to fill and major cities all over the planet are about to completely run out of water. And that's not even touching on the power usage, pollution and how it's affecting residential rates!
It's a fucking economic disaster. Have a look at the Buffett Index, total stock market valuation vs. GDP. It's over 200% ATM and wasn't close to that for the Great Depression, the dotcom bust or 2008. We are in deep shit.