(Ironic) Sarcasinitive Determinism strikes again!

The current data center craze is a bit easier to understand when you realize that the sentiment in this passage from https://situational-awareness.ai/ permeates Silicon Valley thinking these days:
The barriers to even trillions of dollars of datacenter buildout in the US are entirely self-made. Well-intentioned but rigid climate commitments (not just by the government, but green datacenter commitments by Microsoft, Google, Amazon, and so on) stand in the way of the obvious, fast solution. At the very least, even if we won’t do natural gas, a broad deregulatory agenda would unlock the solar/batteries/SMR/geothermal megaprojects. Permitting, utility regulation, FERC regulation of transmission lines, and NEPA environmental review makes things that should take a few years take a decade or more. We don’t have that kind of time.
We’re going to drive the AGI datacenters to the Middle East, under the thumb of brutal, capricious autocrats. I’d prefer clean energy too—but this is simply too important for US national security. We will need a new level of determination to make this happen. The power constraint can, must, and will be solved.
Hard to feel too sorry for his $35B paper loss…

Feel sorry for me
Chat-gpt 9.0, how do we solve the climate crisis we accelerated by training chat-gpt 9.0?

Aschenbrenner overleveraged the fund 4:1 and it had no diversity from AI stocks. The problem is their blocks of holdings were so large they could not sell them to meet the margin calls. You can't just sell $16B in stock unless you dump it cheap.
Looks an awful lot like Citadel's Ken Griffin set all this up to fail as he bought these stocks at a heavy discount.
Anyone stupid enough to invest in a non diversified hedge fund run by a 24 year old does not deserve to keep their money.

Bro looks like a scammer

(He looks like an honest face; just needs a gold front-facing tooth)
I always love how the scammer always looks the same, like a true con man. Every time wall street just eats it up even though everyone says hey, he's a scammer.
But maybe this time it'll be different
This person looks like an 80’s synthpop star.


Its eyes follow and mock you
Technology
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.