Here is Prof Richard. ‘S latest post in
His ‘musings’ are not frivoloius and they are worth taking note of. Here, he agrees with Paul Krugman on the #AIBubble and its #DataCenterBoom with an intertesting note on #Software.
“His [Paul Frugman] concern, and I think it was a reasonable one, was that there is no evidence at all that what is now happening as a result of the current AI boom will create anything of lasting value. We do not know whether the hardware being built in the form of data centres will prove sustainable. Already, 20% of all electricity in Ireland is being used to power data centres. This makes no sense, and replication on this scale appears impossible.
Likewise, when we look at the software and related IT, the potential rate of advance in technology in this sector is so great, if it lives up to its promise, that everything being created now will be of little use in only two or three years' time.”
Read more here
https://www.taxresearch.org.uk/Blog/2026/05/24/should-we-live-in-fear-of-ai/
##GenAI #AISlop #DataCenterEnergyConsumption #DataCenterWaterConsumption #Economics #FinancialBubble
RaymondPierreL3
npub17s…69lgw
2026-05-24 08:46:25 UTC
Author Public Key
npub17sjf0y80vzdqlm2jhvw0z8afeh4j253vfh434f9hzlqqyn63fakqp69lgwSeen on
wss://relay.momostr.pinkPublished at
2026-05-24 08:46:25 UTCEvent JSON
{
"id": "d7065f7743e8227fcdc6456f4589009207cbec145dff615f27a8bcfc1a1983eb",
"pubkey": "f4249790ef609a0fed52bb1cf11fa9cdeb25522c4deb1aa4b717c0024f514f6c",
"created_at": 1779612385,
"kind": 1,
"tags": [
[
"proxy",
"https://aus.social/@RaymondPierreL3/116628677326254406",
"web"
],
[
"t",
"aislop"
],
[
"t",
"software"
],
[
"t",
"aibubble"
],
[
"t",
"financialbubble"
],
[
"t",
"datacenterenergyconsumption"
],
[
"t",
"datacenterwaterconsumption"
],
[
"t",
"datacenterboom"
],
[
"t",
"economics"
],
[
"proxy",
"https://aus.social/users/RaymondPierreL3/statuses/116628677326254406",
"activitypub"
],
[
"L",
"pink.momostr"
],
[
"l",
"pink.momostr.activitypub:https://aus.social/users/RaymondPierreL3/statuses/116628677326254406",
"pink.momostr"
],
[
"-"
]
],
"content": "Here is Prof Richard. ‘S latest post in \nHis ‘musings’ are not frivoloius and they are worth taking note of. Here, he agrees with Paul Krugman on the #AIBubble and its #DataCenterBoom with an intertesting note on #Software.\n\n“His [Paul Frugman] concern, and I think it was a reasonable one, was that there is no evidence at all that what is now happening as a result of the current AI boom will create anything of lasting value. We do not know whether the hardware being built in the form of data centres will prove sustainable. Already, 20% of all electricity in Ireland is being used to power data centres. This makes no sense, and replication on this scale appears impossible.\n\nLikewise, when we look at the software and related IT, the potential rate of advance in technology in this sector is so great, if it lives up to its promise, that everything being created now will be of little use in only two or three years' time.”\n\nRead more here\nhttps://www.taxresearch.org.uk/Blog/2026/05/24/should-we-live-in-fear-of-ai/\n\n##GenAI #AISlop #DataCenterEnergyConsumption #DataCenterWaterConsumption #Economics #FinancialBubble",
"sig": "5ff666241d736d6b0f9db055afdcf7605607f543c13103b924535b50e9b830020a6ac4083eb06c68ade2526d14e63a5141123edb205ee356171db345a117bdac"
}