If narrative around ML becomes 5,000 weird poly 20 year olds in SF got dynastically wealthy and you lost your job, and your kids got addicted to slop ML videos, and their huge new data centers are using all the water and your power bill is going up
Backlash will be fierce.
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During an 8 hour shift SF Muni fare inspectors only manage to board one bus and write half the people on the bus who did not pay tickets.
sfstandard.com/2025/04/30/sa…
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Cost of compute might well go up in the next few years.
Everyone was conditioned over the last few decades to assume that algorithmic improvements are guaranteed and Moore's Law will take care of it.
Now Moore's is dead and electricity costs are going up fast.
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"Idaho has proved deregulation is possible. The state repealed and revised its administrative rules code through a sunset review process in 2019. The results were dramatic. Since then, 95% of state regulations have been eliminated or simplified. The sky didn’t fall."
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Blackouts? No not power company incompetence, AI data centers!
Water shortage? No not the desert alfalfa farming, AI data centers!
Stock market down? No not because of tariffs or erratic WH, AI bubble bursting!
The new omni-excuse for everything bad, blame ML!
if I was a CEO doing layoffs of course I would claim it’s because ai is making things more efficient
it removes all liability of poor decision / hiring choices from the company
companies are going to keep claiming ai is causing them to do layoffs, not because it’s true, but because it makes them look good
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His kids and the WH staff are front running trades on this like crazy right?
And he will proactively pardon his entire staff and family before leaving office - the perfect crime/corruption
10x returns on their money while the rest of the country/world burns
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Supply and demand works everywhere except the area where it benefits me if it is ignored and instead assumed that demand is infinite.
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Absolutely everyone seems convinced that ML breaks all the past rules and something like "the stock market will 5x in just a few years" or "we will soon discover all medicines and materials ever"
When a sentiment is so broadly shared it almost never goes as expected.
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Tech is feeling a lot more like trading these days, where you have a temporary edge that might produce a stream of cash for months to years but you know it is eventually going to get arbitraged away or made irrelevant.
The previous era of people thinking they were building platforms/businesses that would exist forever like some behemoth GE well..
Now things have to either be reinvested in constantly to keep the edge that produces the cash or you can start plotting the decline down to zero.
May have always been this way honestly but at least people acted like they were building some lasting legacy institutions before.
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