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This guy is peddling the same tired “it’s just like the dot com bubble” talking points that you only draw on if you have no real interest in reality. He’s also the guy who wrote the infamous “advice to a poor black kid” blog. Legendary dipshit

The post-dot com bubble story doesn’t work here. Training ai models at scale is only possible with billions of dollars of funding. Ai data centers are not useful for other stuff at any meaningful scale. A data center will be as expensive to finish building or run in ten years as it is today.

The capex is expensive, but so is running AI GPUs. People want this to be “like the dot com bubble” to not think about how big the misallocation of capital is. All of the current demand is from companies that can’t afford to pay without endless VC dollars or people renting compute to resell to them.

but even if it *is* like the dot com bubble, all that dark fiber was still useful after sitting for years. in ten years today's GPUs in those DCs will be competing with GPUs 6-7 times as powerful.