I've spent most of my day so far reading about the AI bubble. People are completely terrified by the rate at which companies are pouring money into this thing.
Meta is reportedly planing a $30 billion bonds sale to build AI datacenters.
Generally, there are already $40 billion worth of US datacenters under construction, a +400% growth since 2022.
The US now has 5,426 data centers, more than ALL other major countries COMBINED.
This is from an X post I saw earlier from KobeissiLetter, a great X account to follow by the way.
I look at all of these things and all I can think of is how most people today are simply too shortsighted when it comes to AI.
They want the breakthrough in drugs today. They want cancer cured yesterday.
They want AGI and ASI, whatever that means or looks like for them.
If they can't have it now, it's either a scam or a bad investment, in their conclusion.
The long game
These companies building AI or on and for AI are playing the long-term game.
It doesn't matter to them how much money they burn today, the potential rewards, benefits or solutions, whatever you want to call it, that will come from actively improving this technology, is much more valuable than the billions being burned monthly.
At this point, even tillions are not considered too much to pay. AI can truly improve life on earth, and the fact that people care more about being right about a bubble or the potential negative impacts, is somewhat disheartening.
Just a while ago I came across some posts on the first Neuralink patient living his best life, and I've been trying to figure out what part of the tech/product leverages AI, as it's been reported to be AI-powered.
For those who don't know, Neuralink is building a brain-computer interface that translates neural signals into actions. The goal is to restore speech, vision and autonomy to people.
Founded by Elon Musk and a team of 8 engineers and scientists, it is a controversial company since putting a chip in your brain is how any of these is made possible.
I think that so much good is set to happen with AI, people are just right now too focused on the stock markets, valuation of private companies, capital raises and expenses.
The long game with AI will pay great dividends. Whether or not we are in a bubble doesn't matter. What matters is what we will achieve with this technology a couple decades from now.
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