Click here: to donate by Credit Card
Or here: to donate by PayPal
Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794
Thank you very much and God bless you.
Posted on 11/08/2025 2:15:17 PM PST by E. Pluribus Unum
Voter anger over the cost of living is hurtling forward into next year’s midterm elections, when pivotal contests will be decided by communities that are home to fast-rising electric bills or fights over who’s footing the bill to power Big Tech’s energy-hungry data centers.
Electricity costs were a key issue in this week’s elections for governor in New Jersey and Virginia, a data center hotspot, and in Georgia, where Democrats ousted two Republican incumbents for seats on the state’s utility regulatory commission.
Meanwhile, concerns are growing over an AI bubble in stock markets. Mary Callahan Erdoes, CEO of JPMorgan’s asset and wealth management business, said at the Fortune Global Forum just weeks ago that some AI stocks have “a little too much concentration.”
And Lisa Shalett, chief investment officer of Morgan Stanley Wealth Management, told Fortune weeks earlier that she was “very concerned” about the market’s reliance on AI, citing her own calculations that 75% of the gains, 80% of the profits and 90% of the capital expenditure in the S&P 500 was tied to data-center growth in the last several years.
The week of the offseason elections coincided with a tough week on Wall Street prompted by AI concerns. Famous short-seller Michael Burry’s disclosure that he was taking a big position against Palantir resulted in a 10% stock slide over several days, to furious reaction from CEO Alex Karp. OpenAI, meanwhile, rattled markets by appearing to suggest that it would need some kind of federal “backstop,” prompting fears that the still-private, still-unprofitable AI juggernaut is near “too big to fail status.” The Nasdaq 100 finished the week with the worst results since April.
Voters appear to have...
(Excerpt) Read more at fortune.com ...
|
|
Click here: to donate by Credit Card Or here: to donate by PayPal Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794 Thank you very much and God bless you. |
This is going to make the Dot-Com bust look like nothing. The question is who will be left holding the bag when it happens.
Mr. Ponzi would like to have a word with you about international reply coupons.
All those people that have AI friends will be sad ,LOL
AI policing in streets and stores will need cheap chips, otherwise they’ll be stolen.
AI weeders, pickers and mowers will need cheap chips.
AI weapons will be a smaller market, and those chips should be suitable for military use.
It’s very important to hit and own the chip price/power sweet spot.
“who will be left holding the bag”
Taxpayers
I’m still waiting for my pets.com stock to make a comeback.
People have been predicting the stock market to tank for decades.
I would think eventually the chips with the LLM will just be embedded with the computer, which should ultimately reduce the need for so many data centers. The only question is, how much strain will it put on the grid, because now the computers will demand more energy.
Eventually a lot of these AI companies will fail and ultimately consolidation will leave only a few players.
Yeah so the idiots vote for dems they’re so furious. They must want more windmills.
Trump should not have closed down all the coal plants and installed so many windmills and solar panels at taxpayer expense. Oh wait, that was Biden. So why is TRUMP GETTING THE BLAME?
Cover up that democrats caused the price spike by banning fossil fuels and mandating expensive alternatives.
Global Warming fraud causes higher energy costs.
At least, AI’s voracious appetite for electricity has stifled the climate change and end-natural-gas nutters’ rantings.
The high demand will also refuel the climate change folks and probably with just worries ... how about all the heat that will be generated by all the new electricity demands AI will require?
I’m still waiting for my investment in 250 Pet Rocks to be worth something more than rocks
As with most things, I think deregulation is the answer.
Here in Illinois, our state Svengali Mikey “Dictionary Definition of Corrupt” Madigan is now in prison for playing the Gimme My Taste with Comed.
IIRC, the Ohio State Speaker (?) got arrested for the same kind of thing?
Lots of leftists are crowing about those 2 Georgia rats winning “Utilities Commissioner” jobs over sitting Republicans, but the problem here is obvious:
The current system of utilities essentially being regulated by the state is NOT working.
I am NOT any kind of broad electrical engineer who understands how power generation, grids/transport of energy, etc works - I’m just saying.
My gut says GOVERNMENT OUT! and let the market decide. Maybe there is a role for oversight and regulation; I’m not a crank.
But look around folks - blue states, red states, purple states.
The current regulatory schema in play seems to be nothing more than a political griftback schema that it is damn near as non-partisan as it gets in this country anymore.
How about we fix that?
AI isn’t screwing NYS.
Albany is.
And why we allow foreign-owned utility companies in this country is beyond me.
Bring back the sock puppy!!!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.