posted in Technology
Banks are now trying to offload the AI data center debt they just underwrote
startupfortune.com/banks-are-now-trying-to-offload-the-ai-data-center-debt-they-just-underwrote/Replying to @HaraldvonBlauzahn@feddit.org
I can’t wait for PC parts to be super cheap. I saw somewhere that, bubble-pop-notwithstanding, NVME production is projected to hit a level within a year or so that will outpace even the last year’s demand for storage and could even drive prices for storage down to below what they were prior to the bubble. Oh, and that’s even accounting for inflation. So when the bubble does pop, we are going to have an absolute storage glut.
The fact that the rest of the world is going to be miserable and impossible is another matter entirely, but at least I’ll have my hobby.
Replying to @DjangoFett@lemmy.zip
There’s gonna be a truly biblical supply glut shortly after the bubble pops.
Replying to @gravitas_deficiency@sh.itjust.works
The AI bubble bursting will have a huge effect on the US economy though, so who knows if people will even have the money to afford it. The whole economy is being propped up by AI at the moment.