“I estimate $200bn to $300bn worth of GPUs are either in warehouses or sitting in unpowered data centres.” Writers of Where’s Your Ed At and host of the Better Offline podcast Ed Zitron joins The Tech Report’s Isaac Pound to talk about the data center overbuild and Oracle issuing a force majeure notice over expected delays to it’s data center project in New Mexico 💰Discount link for Where's Your Ed At: https://edzitronswheresyouredatghostio.outpost.pub/public/promo-subscription/o5w5z8mj9q 📩 Read Ed’s newsletter: https://wheresyoured.at 🎧 Listen to Ed’s podcast: https://betteroffline.com For more from Ed: BlueSky: @edzitron.com Twitter: @EdZitron Instagram: https://www.instagram.com/the_tech_reprt/ Facebook: @TheTechReport
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Ed Zitron a day keeps AI hype away 😂
Shits hitting the fan when everyone is declaring force manure
We need to give Isaac Pound the credit he deserves for great interviews. He has many excellent guests & delivers great information.
When my bills come due i will call Horse Manure.
Weekly pilgrimage to the tech report 😂
when i see tech bad news in the middle of the week i think "oh boy ed's gonna love this"
They watched the Elizabeth Holmes documentary and thought is was an instruction video.
Force majeure used to be invoked only for catastrophic and unforeseeable events that prevent contract fulfillment. Terrorist attacks, natural disasters, pandemics. Not regulatory hurdles and foolish business decisions.
"Suddendly that thing everybody thought was inevitable became impossible." - Ed Zitron Quote of the century
When over 3/4 of your inventory is not going to be installed within a year, you did it wrong. This is all a scam in plain sight.
I got involved in activism to stop a local data centre in our rural Scottish community. 3 politicians and a police sergeant all showed up to support us! The energy was great and we have ideas for how to both raise awareness and get into the room in parliament.
I'm gonna send a letter to my bank for my mortgage that I have "force majeure" and may not be able to pay, but I have "full confidence" all will be fine. I'm sure they won't worry at all.
Ed has carte blanche to say, "I TOLD YOU SO" forever now!
Let's hope this all goes down soon.
Oracle doesn't seem like an oracle I'd consult for investments
don’t know how journalism has gotten so weak, he says, as Larry Ellison buys all the journalism.
All these CEOs despise their employees so much, they’d rather spend millions on AI bot (that don’t do the job) rather than pay people
Force Majoure is SUPPOSED to be used when an earthquake, a hurricane or a giant sinkhole opens up under the data centre & the centre can’t be completed. To call force majoure because the company is flat broke & are all out of borrowing potential is when you go uh-oh.
The Chinese must be laughing their heads off at this.
Im thinking a lot of force majeures gonna pop off soon from all directions as everones out for themselves