120
submitted 1 month ago by yogthos@lemmygrad.ml to c/news@hexbear.net
you are viewing a single comment's thread
view the rest of the comments
[-] Wheaties@hexbear.net 26 points 1 month ago

The bull case has merit. Enterprise ROI is measurable. Hyperscaler balance sheets are strong. Investment as a share of GDP remains below historical peaks. Efficiency gains may outpace demand growth.

The bear case has merit. Circular financing amplifies correlation risk. Thermodynamic limits are non-negotiable. Depreciation accounting may be masking massive losses. Valuation metrics are historically extreme.

What cannot be done is to pretend that one case is obviously correct and the other obviously wrong. The uncertainty is genuine. The stakes are enormous. And the resolution will unfold not in earnings calls or analyst reports but in the quiet hum of cooling systems that either work or fail, in grids that either hold or collapse, in a physical world that operates by laws no financial innovation can repeal.

[...]

In the end, this story is not about artificial intelligence. It is about the collision between human ambition and physical reality. We have built machines that think by making machines that heat.

Machines that think. Really.

This otherwise good analysis seems to be predicated on critically digging into everything - the hardware, the financial instruments, the historical parallels. Everything except the software itself. Those claims are taken at face value.

[-] LeninWeave@hexbear.net 14 points 1 month ago

The bull case has merit. Enterprise ROI is measurable. Hyperscaler balance sheets are strong. Investment as a share of GDP remains below historical peaks. Efficiency gains may outpace demand growth.

The bear case has merit. Circular financing amplifies correlation risk. Thermodynamic limits are non-negotiable. Depreciation accounting may be masking massive losses. Valuation metrics are historically extreme.

I like how the bull case is literally all made up vague nonsense, whereas the bear case is mostly hard facts and incontrovertible realities.

this post was submitted on 14 Dec 2025
120 points (100.0% liked)

news

24560 readers
668 users here now

Welcome to c/news! We aim to foster a book-club type environment for discussion and critical analysis of the news. Our policy objectives are:

We ask community members to appreciate the uncertainty inherent in critical analysis of current events, the need to constantly learn, and take part in the community with humility. None of us are the One True Leftist, not even you, the reader.

Newcomm and Newsmega Rules:

The Hexbear Code of Conduct and Terms of Service apply here.

  1. Link titles: Please use informative link titles. Overly editorialized titles, particularly if they link to opinion pieces, may get your post removed.

  2. Content warnings: Posts on the newscomm and top-level replies on the newsmega should use content warnings appropriately. Please be thoughtful about wording and triggers when describing awful things in post titles.

  3. Fake news: No fake news posts ever, including April 1st. Deliberate fake news posting is a bannable offense. If you mistakenly post fake news the mod team may ask you to delete/modify the post or we may delete it ourselves.

  4. Link sources: All posts must include a link to their source. Screenshots are fine IF you include the link in the post body. If you are citing a Twitter post as news, please include the Xcancel.com (or another Nitter instance) or at least strip out identifier information from the twitter link. There is also a Firefox extension that can redirect Twitter links to a Nitter instance, such as Libredirect or archive them as you would any other reactionary source.

  5. Archive sites: We highly encourage use of non-paywalled archive sites (i.e. archive.is, web.archive.org, ghostarchive.org) so that links are widely accessible to the community and so that reactionary sources don’t derive data/ad revenue from Hexbear users. If you see a link without an archive link, please archive it yourself and add it to the thread, ask the OP to fix it, or report to mods. Including text of articles in threads is welcome.

  6. Low effort material: Avoid memes/jokes/shitposts in newscomm posts and top-level replies to the newsmega. This kind of content is OK in post replies and in newsmega sub-threads. We encourage the community to balance their contribution of low effort material with effort posts, links to real news/analysis, and meaningful engagement with material posted in the community.

  7. American politics: Discussion and effort posts on the (potential) material impacts of American electoral politics is welcome, but the never-ending circus of American Politics© Brought to You by Mountain Dew™ is not welcome. This refers to polling, pundit reactions, electoral horse races, rumors of who might run, etc.

  8. Electoralism: Please try to avoid struggle sessions about the value of voting/taking part in the electoral system in the West. c/electoralism is right over there.

  9. AI Slop: Don't post AI generated content. Posts about AI race/chip wars/data centers are fine.

founded 5 years ago
MODERATORS