alt Hacker NewsThis.
It's high time to stop accumulating debt while providing free picture of pelicycles, just charge the full cost for them - enough to generate profits and pay back debt.
What we see now is literally burning money and energy to generate hype. The only true measures of success are financial and macroeconomic. If the hype is real, there should be no problem for the mighty AI to generate debt-free profits for its providers while the overall price level in the US goes down.
We observe the exact opposite which makes the AI hype act only as market manipulation for capital misallocation.
unlike the old hpc, where we only burned hundreds of millions for machines that were 80% efficient to get a 5 year lead, we are burning hundreds of billions on machines that are 30% efficient to get a 1 year lead.