this post was submitted on 20 Sep 2024
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A 20 year deal, with no power produced until 2028?
Either MS really do know something we don't, or this bubble has grained a layer of strontium.
It's the second one. They are all in on this AI bullshit because they've got nothing else. There are no other exponential growth markets left. Capitalism has gotten so autocanibalistic that simply being a global monopoly in multiple different fields isn't good enough. For investors it's not about how big your company is, how reliable your yearly returns are, how stable your customer base; the only thing that matters is how fast your business is growing. But small businesses have no space to grow because of the monopolies filling every available space, and the monopolies are already monopolies. There are no worlds left to conquer. They've already turned every single piece of our digital lives into a subscription, blockchain was a total bust, the metaverse was a demented fever dream, VR turned out to be a niche toy at best; unless someone comes up with some brand new thing that no one has ever heard of before, AI is the last big boondoggle they have left to hit the public with.
100%, all of this.