alt Hacker NewsIt’s a one year moratorium. I don’t see a problem with this. A lot of voters are concerned about the impacts data centers will have, those concerns are not entirely unwarranted.
We don’t actually have to be moving at breakneck speeds, the AI companies just want you to think we do. A pause to investigate seems warranted.
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To some extent you wonder if this "tapping the brakes" might be saving some companies from themselves. It's likely we're in the overinvestment phase of this technological cycle and that's usually followed by the bust phase where a lot of companies with a lot of debt go under. See The Panic of 1873 and the overbuilding of railroads (and huge debt accumulation) that led to that.
Exactly. Towns are also increasingly nervous that when the bottom drops out of the AI bubble they’ll be left with abandoned half-built data centers blighting their communities.
It’s a serious concern that looks increasingly plausible. The bond market for financing buildouts is looking shaky and even Amazon struggled there in its last go at loaning money to fuel the buildout. That doesn’t bode well for others.
> We don’t actually have to be moving at breakneck speeds
According to one Canadian, er sorry, a UE citizen, er sorry, an Irishman named Kevin O'Leary, who is seeing Chinese spys everywhere, we actually do need to move with breakneck speed, because otherwise the quality of American lives will be forever gone. Or at least infuse of naive VC money flowing into his pockets will be gone.
Let's be honest. There is a way to safely build data centers. Sensible laws could be made for them to build enough solar so they can power themselves or they are responsible for the cost of increasing capacity. Things like environmental impact and pollution need to be taken into account. However, since this is America, that won't happen. So companies will build these data centers in red states with little to no regulation and those people will pay for the increase in power capacity, the environmental and public health damages, etc...
Blocking is easy, UN-blocking is hard (see: zoning and housing). There are no objective concerns to be met, and there will never be. I would bet a lot of money the moratorium is indefinitely extended every year.
Always thought letting populism define a "slow-down" was silly, its a moratorium and a permanent veto everyone is looking for. It's fine, the data centers will be built elsewhere in more politically impoverished states, New York and especially NYC will still reap the benefits and offload solving the gnarly energy problems to someone else. Federalism working?