Panasonic has said demand for backup batteries is rising quickly, and it is largely driven by the expansion of AI infrastructure that requires stable, continuous power. It has already allocated around 80% of its planned output to existing customers, leaving only a limited share for new buyers attempting to scale systems.
Bubble please burst
It will burst the same way the dotcom bubble bursted.
Just like the internet, AI will be here to stay.
Comparing the dotcom bubble to the AI bubble is like comparing a corn kernel to a corn cob at this point.
The US economy was more spread out and varied back then, and the bubble wasn’t over a third of the entire economy.
And you know, the internet actually had market value and was producing profit immediately at least. AI still has yet to turn any profits.
0 productivity increase. 0. Once this bubble is over the clean up will set us back years and that is if we’re lucky.
That’s the part of all this that truly blows my mind…nobody wants this shit. You dont even need to be a technophobic boomer to fucking hate dealing with AI when youre trying to get an answer to a question that isnt something you can find on wikipedia, like for example, “How much will this particular software license cost me if Im installing it on two host VMs serving approximately 200-250 concurrent users?” The AI isnt gonna answer that right…I know it wont, because Ive spent at least 2-3 full fucking 10 hour days in aggregate playing this stupid fucking game as phone lines are getting closed left and right and I always end up running in circles until it will even permit me to get an actual human fucking being involved, if that is even a possibility, which 70% of the time, it just dumps you to an email and a wait for a response email that also didnt answer the fucking question.
And the thing is…its getting harder and harder to opt out. I cant even vote with my wallet because its either deal with the AI trash, or deal with some fly by night company that no one has ever heard of and goes radio silent for weeks when they cant fix a problem in 3 minutes.
This is gonna make me sound old but I saw this coming 25 years ago with self checkouts. Look at what a piece of shit the average self checkout is. Just last weekend the lines at my local grocery store were out the fuckin door because all the self checkouts somehow decided the cart itself was an item in a cart that wasnt scanned and thought everyone was stealing. Rather than get humans on the checklanes and shutting the self checkouts off, the store just had an extra person at the self checkout to enter their code after literally every single transaction to bypass it. Im talking rows of 20 self checkouts that had two people that had to code through every single transaction. Human cashiers wouldnt have had that problem, but human cashiers cost money, so better your service as a customer suck fat ass then bring in a couple teenagers extra to cover some weekend shifts on a register.
I see this at the doctor now with their self checkin machines that take fifteen minutes to get through what you could do with the person in three. I see this when trying to ship a fucking package and the machine runs out of labels and theres no human being for miles around to put more in so you can get on with your life.
This shit fucking sucks, and they no longer have any incentive to improve, because theyre all doing it, so everybody sucks, and we just get to deal with it.
Remember this when you see the lack of savings being passed on in lieu of all the payroll theyre saving. Every minute you fight with AI to answer a simple fucking question, some oligarch is screaming CHACHING!!!
Except AI in its current form is actually mostly useless.
AI wouldn’t be so bad if the planet wasn’t being turned into computronium.
Another 2008 crisis and not being able to find a job or afford simple necessities, no thanks.