Paul Kedroski
speaker
68 appearances
1 recordings
1 series
first heard Oct 2025
last heard 28 Oct
Paul Kedroski’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Oct 2025 with 1.
Appearances
How can we get someone to not only listen, but truly understand where we're coming from?
AI is obviously a hugely important technology.
It's going to be hugely useful.
It probably already is useful.
I know it is to me.
It probably is to you.
So that's not the point, though.
The point is that we're in this moment where there's an AI capital expenditure bubble, meaning that we're spending this prodigious amount of money on data centers and on computers.
sort of the underlying infrastructure for ai with probably no likelihood of recovering most of that cost and a significant likelihood that most of those assets become worthless because of the speed at which they depreciate build baby build as they say that is the white house silicon valley slogan urging companies to invest in artificial intelligence infrastructure inside the united states today we have
But increasingly, and this is the piece that got me concerned when I first started looking at this, an increasing fraction of the money that's being spent on all of these things that allow us to distribute AI like electricity, it's coming from an increasing share of it's coming from debt.
And it gets really, really complicated in a hurry.
But the point is that debt comes with obligations.
You don't get to just walk away from it.
So that makes this moment even more perilous.
Yeah, we should be.
But the problem, of course, is that there's this idea of what's called like a rational bubble.
Everybody thinks they're doing the right thing.
But when you add what everybody's right thing together, you end up with a prodigious amount of waste.
So it's no different than
If you go back to the 19th century railroad bubbles in both the UK and the US, there was simply too much track, too many enthusiastic railroad builders building almost adjacent tracks to the same locations.
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