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Ann Pettifor

👤 Speaker
307 total appearances

Appearances Over Time

Podcast Appearances

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

And to be fair, he's got a surplus in X space or whatever it's called.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

But that's all that he's doing.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

This is where the crunch will really come from.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

Because what's happening with AI...

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

is that all these big platforms have loads of cash because we're just handing it over.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

You know, we hand over our data and they monetize that like crazy.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

And we are so happy for them to do that.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

They can't believe how much money they're reeling in.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

But what's happened now that even though they have all that cash, they've actually run out of cash because they've

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

invested so much in this non-existent asset called AI.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

They're now having to borrow and they're shifting that off the balance sheet, really.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

And the big, huge, big five corporates involved in AI, they're competing with each other to deliver all this stuff.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

But they can only get better and compete with each other if they build more data centers.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

That means they need cash to buy land and invest in data centers.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

which burns up huge quantities of energy, right, and put up our electricity prices probably in the end.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

And this is why Musk is talking about going to the moon and sticking his data center on the moon.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

You know, it's complete bonkers madness, really.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

And it's all, if I may say so,

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

thanks to the casino.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

They wouldn't have that cash if they couldn't be siphoning it off every country in the world.