Fuck AI

I believe the heaviest demand is not in executing the AI models (these can run on a midrange desktop right now), but in training and re-training the models constantly with fresh new content stolen from us meatbags.

It's a fairly common theory that demand will never meet "expectations". I think the most famous proponent is The Big Short guy:

"Tech giants like Microsoft, which are pouring billions into chips, data centers, and infrastructure may find that returns do not justify the enormous costs." ... He argues that markets are focusing too much on whether AI is a bubble rather than asking the more important question, Can all this spending actually produce measurable returns?

(My rant: The "future demand" is part of the grift. It's a boondoggle. These grifters are going to grab as much cash as possible while saying whatever keeps the gravy train rolling. When it all crashes, they'll be fine, maybe even bailed out, because this is legal and normal under capitalism.)

It’s a quickly growing demand. It’s driving up electricity prices by itself.

Two factors play into this. 1) This hype has been around long enough to have planned, built, and put online new data centers. So the bottlenecks some providers had in the early days have widened already. And 2) they need capacity for training more than using the models.