Ann Pettifor
👤 SpeakerAppearances Over Time
Podcast Appearances
And to be fair, he's got a surplus in X space or whatever it's called.
But that's all that he's doing.
This is where the crunch will really come from.
Because what's happening with AI...
is that all these big platforms have loads of cash because we're just handing it over.
You know, we hand over our data and they monetize that like crazy.
And we are so happy for them to do that.
They can't believe how much money they're reeling in.
But what's happened now that even though they have all that cash, they've actually run out of cash because they've
invested so much in this non-existent asset called AI.
They're now having to borrow and they're shifting that off the balance sheet, really.
And the big, huge, big five corporates involved in AI, they're competing with each other to deliver all this stuff.
But they can only get better and compete with each other if they build more data centers.
That means they need cash to buy land and invest in data centers.
which burns up huge quantities of energy, right, and put up our electricity prices probably in the end.
And this is why Musk is talking about going to the moon and sticking his data center on the moon.
You know, it's complete bonkers madness, really.
And it's all, if I may say so,
thanks to the casino.
They wouldn't have that cash if they couldn't be siphoning it off every country in the world.