SEOUL – The fallout from this week’s US midterms is already upending South Korea’s financial system. On Friday, the Kospi plunged more than 8% and fell
There are bigger forces against AI buildout than Democrats. Plenty of demand for datacenters in SEA region (90% of tokens consumed by China) anyway. Instead, OpenAI, and ANT valuations show them having huge difficulty being able to follow through on nearly $2T in spending commitments for those datacenters, and MSFT announcing they are cancelling projects and not renewing Oracle rental deal shows that the Nvidia dependent ecosystem does not have desperate “end user facing” demand.
wrote 3 articles this week on c/technology@lemmy.ml
There are bigger forces against AI buildout than Democrats. Plenty of demand for datacenters in SEA region (90% of tokens consumed by China) anyway. Instead, OpenAI, and ANT valuations show them having huge difficulty being able to follow through on nearly $2T in spending commitments for those datacenters, and MSFT announcing they are cancelling projects and not renewing Oracle rental deal shows that the Nvidia dependent ecosystem does not have desperate “end user facing” demand.
wrote 3 articles this week on c/technology@lemmy.ml