Seanambers
It's the new normal, get used to it.
The MAG7 isn't pumping all their FCF + new debt issuance into DC's just for fun.
The world is seemingly moving into a era where compute is becoming expensive and scarce.
Only thing that can possibly change this is LLMs hitting a vertical unscalable wall.
More AI compute = more CPU, memory, storage needs.
user beware
I was the one to push G+ and Gwave on my friends and it did not take at all.
Then everyone basically stopped sharing and started curating.
Its insanity.
Give powers to idiots and they will come up with stuff like this.
Tariffs will force productivity and salaries higher (and prices), then automation which is the main driver of productivity will kick in which lowers prices of goods again.
Globalisation was basically the west standing still and waiting for the rest to catch up - the last to industrialise will always have the best productivity and industrial base. It was always stupid, but it lifted billions out of poverty so there's that.
The effects will take way longer than the 3 years he has left, so he has oversold the effectiveness of it all.
This is all assuming AGI isn't around the corner, the VLAs, VLM, LLM and other models opens up automation on a whole new scale.
For any competent person with agency and a dream, this could be a true golden age - most things are within reach which before was locked down behind hundreds or thousand of hours of training and work to master.
Same way programs was way more efficient before and now they are "bloated" with packages, abstractions, slow implementations of algos and scaffolding.
The concept of what is good software development might be changing as well.
LLMs might not write the best code, but they sure can write a lot of it.
And make no mistake Wall Street gambles full well knowing that the government will save them - Steve Bannon was right on the spot about that.
Won´t say people fell for it though it was just the current happening at the time.
Back in the day (70s(?)80s) computers shipped with the programming language manual. All I got was a CDROM of ENCARTA and a slip to mail in for a restore set of MS DOS / WIN 3.1 diskettes(which was sorely needed I might add).
In a way it was even better because then nobody had to loose, and everyone believed they were winning.
Moving barges in the sea should qualify though.
It's not like the web suddenly was just there, it came slow at first, then everywhere at once, the money came even later.
ICQ was so ubiquitous back in the day, and then lost it all.
"AI" is pretty much DOA as far as I am concerned.
But hey, they got me to upgrade, so maybe Apple views it as a win for their financials.