Seeing how short all the buildings are in London, its housing shortage is obviously fairly self imposed in that city.

Data centres have big halls, usually no windows whatsoever, and are wide and flat so windows are only possible at the edges. They're even worse for conversion than office buildings.

Better to raze them and build apartment buildings.

Why? Even if the data centers are built for just AI, they can just ditch the GPUs and reuse them for storage etc .. no?

Everyone seems to be carrying a smartphone, continuously creating more high res photos and videos..

It's _never_ going to pop. It'll just inflate and inflate until it's big enough to take us all with it. To the singularity.

Just like shopping malls

Or if the bubble invests in grid infrastructure and power generation and then deflates it will have left a positive impact.