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Much like when the administration announced an investment of 500 Billion USD in AI some months back, not a peep since. Actually shocked nobody here has even ref
by no_wizard 1y ago
Much like when the administration announced an investment of 500 Billion USD in AI some months back, not a peep since. Actually shocked nobody here has even referenced that in relation to this, at least at the time of this writing
Much like that “initiative”, I imagine this won’t materialize either, they’re largely hoping government funds get steered toward them and by which point they’ll pocket everything they can while delivering a minimum of what was promised, if anything at all, and they won’t be properly held accountable for it.
- nightski 1y agoI have no desire to defend the admin, but that was not what was announced at all. It was announced that OpenAI/Oracle/Softbank were investing $500B, which they are. It had nothing to do with government spending.
- jazzypants 1y agoTrump announced it at the White House. He wants credit for everything while doing nothing. https://www.reuters.com/technology/artificial-intelligence/trump-announce-private-sector-ai-infrastructure-investment-cbs-reports-2025-01-21/ https://www.reuters.com/technology/artificial-intelligence/t...
- ahmeneeroe-v2 1y agoWhat's your point? The question was about gov spending, not political antics.
- llm_nerd 1y ago>Much like when the administration announced an investment of 500 Billion USD in AI some months back That was a project by Oracle to build some data centres, many of which had already broke ground and were under construction, and they pulled OpenAI and Softbank in to give it that AI veneer. So it's stuff that is really happening, and was already happening. Similarly this TI plant was announced under the prior administration as a win of the chips act, and again it's being recycled to current. This sort of shell game works for a while, but a couple of years the bill comes due.
- troymc 1y agoAre you referring to the Stargate Project? I guess so, since there weren't any other 500 billion USD AI projects announced recently in the USA. Construction of the first data center Abilene, Texas site is ongoing. Emily Chang visited the site over a month ago and got video footage [1]. So it's not nothing. Will they actually invest 500 billion in the end? I dunno; I guess we'll see. The main challenges seem to be the availability of electrical power and skilled workers, not demand, investment or ambition. [1] https://www.youtube.com/watch?v=GhIJs4zbH0o https://www.youtube.com/watch?v=GhIJs4zbH0o
- skeeter2020 1y agoSo if we build one data center a year, how long will it take to invest 500B? Will Trump still be president for that parade?
- g0db1t 1y ago[dead]
- vel0city 1y agoThe one location will probably be several billion dollars. The $500B initiative is supposed to be spread across 20 or so locations.
- diamond559 1y agoIt doesn't matter how many locations they spread it over, they aren't spending that much money in under 20 years on chatbots and buggy code writers. Maybe if a massive unforeseen breakthrough comes and breaks us past the wall of diminishing returns we've hit.
- ahmeneeroe-v2 1y agoNvidia's data center revenue was $39B last quarter. Between chips and electric/cooling infrastructure, a billion dollars doesn't get you far. Obviously $500B is a lot of money, but it's not actually an unbelievable amount of money.
- ahmeneeroe-v2 1y agoThe $500B was their own money, not gov money...what do you think they're going to pocket?