Bubble pop indicator: Meta doesn't need all the compute its locked in. will compete with other rental services. (www.cnbc.com)
from humanspiral@lemmy.ca to technology@lemmy.ml on 01 Jul 23:35
https://lemmy.ca/post/67211005

The big AI lie is that compute capacity is scarce. The fraud was propped up by SpaceX announcing big rental deals with “friends” (google a big owner of spacex, with deal 1 week before IPO) that have massive exit clauses for the buyers.

AI hype started with Meta/Xai needing all of their compute for their own AI ambitions, and that was the source for compute scarcity. That they have no special competency means that they resell their compute, is flooding an already well supplied compute market.

#technology