alt Hacker NewsExactly. That's where this is heading, and the West-- as usual-- is pursuing quarterly profits and forgetting to look up.
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> West-- as usual-- is pursuing quarterly profits and forgetting to look up.
The companies building out vast data centers for AI aren’t looking to make profits for several years (if ever), and are catching a lot of flak for it. The shareholders who seem to be focused on short-term profits and punish them every time they get cold feet. Oracle is a prime example of this.
I don’t know if the markets in Asia work differently, or if the investors there are just as fickle.
To be very fair, Chinese companies are also pursing quarterly profits. They're just better at scaling things up and down very fast because of immense supply chain options.
Is anyone here calling legislators about it to inform them of this?
Does anyone here have leverage to affect strategy?
>pursuing quarterly profits and forgetting to look up
"Forgetting to look up" implies a desire or intent to do so. The United States - former leader of the collective West - made the choice decades ago to sacrifice everything on the altar of quarterly profits. All that remains are the consequences of that decision.