Notes, references (including the video referenced), & transcript: https://chloehumbert.substack.com/p/dont-let-them-blame-us
At the public hearing on data centers in Archibald, Pennsylvania. PA Senator Rosemary Brown tried to say that ordinary people are responsible for needing monstrosity data centers when that is so wrong and I have the receipts demonstrating how that's a false accusation.
References:
The Conversation How oil companies put the responsibility for climate change on consumers Published: October 11, 2023 4:44pm EDT One particularly significant rhetorical strategy the oil industry has adopted is to place responsibility for climate change mitigation and adaptation on the individual. By putting the burden of reducing pollution and greenhouse gas emissions — and consequently the fight against climate change — on individuals, oil companies and their political allies are taking the onus off themselves to make changes to their fossil fuel production, consumption and exploitation practices.
Public hearing on data center development in Pennsylvania Posted on August 4, 2025 Senate Majority Policy Committee - Monday, August 11, 2025 | 1 p.m. - Valley View High School Auditorium, 1 Columbus Drive, Archbald, PA Senator David G. Argall: "As requested by my good friend and neighbor, Senator Rosemary Brown. Judging from the number of constituents here today I'd say you've set the new record for policy committee attendance. So it's obviously an issue of significant interest."
HousingWire - Could AI data centers fuel a commercial real estate bubble? As many businesses scale their AI operations, data center construction is key, but this is raising alarm for some observers June 4, 2025, 2:26pm by Chris Clow Recent reporting from The New York Times detailed some of this activity through its description of Blackstone’s rapid acquisition of AI-centered companies and its purchase of property to support them. Blackstone spent $10 billion in 2021 to acquire Quality Technology Services (QTS), which “leases its facilities to companies like Amazon and Meta and supplies the electricity and water needed to power and cool their computers,” the Times reported. But it doesn’t stop with QTS. According to the report, Blackstone — which already maintained a sizable commercial real estate portfolio of office buildings, warehouses and more — has “sunk more money into data centers and related infrastructure than into almost any other sector in the firm’s 40-year history.”
NATURE 05 March 2025 How much energy will AI really consume? The good, the bad and the unknown Researchers want firms to be more transparent about the electricity demands of artificial intelligence. By Sophia Chen Big tech firms are betting hard on generative AI, which requires much more energy to operate compared with older AI models that extract patterns from data but don’t generate fresh text and images. That is driving companies to collectively spend hundreds of billions of dollars on new data centres and servers to expand their capacity.
DCD (Data Center Dynamics) - Sam Altman muses that, after $500bn Stargate, OpenAI may "raise $5 trillion for a cluster" - The unprofitable company has yet to raise Stargate funds - February 18, 2025 By Sebastian Moss "Stargate is a much bigger project, it is a $500bn project to build a very large training and inference system. It sounds crazy big now. I bet it won't sound that big in a few years." He added: "And if we get to do it again, which I hope we do, you'll be like 'you're raising $5 trillion for a cluster, what the f**k?' And we'll be like, 'well yeah, you know, gotta keep going.'" Stargate is currently set to be built out over four years, with the company exploring data center options in 16 states alongside its flagship Texas site. The company aims to develop five to ten campuses – each able to support 1GW of capacity or more.
AI doomsday and AI heaven: live forever in AI God – Pivot to AI Aug 17, 2025
Everyday Analysis - The Politics of God Building and “Eschatech” Jag Bhalla 03 July 2025
Linkedin - Sam Altman Wanted to Build a God??? Jigisha Dave Building Strategic Narratives for Lasting Impact March 18, 2025
The Verge - They think they’re building God by David Pierce Sep 24, 2024, 9:19 AM EDT
Current Affairs - The Dangerous Ideas of “Longtermism” and “Existential Risk” by Émile P. Torres filed 28 July 2021 Not only do many longtermists believe that superintelligent machines pose the greatest single hazard to human survival, but they seem convinced that if humanity were to create a “friendly” superintelligence whose goals are properly “aligned” with our “human goals,” then a new Utopian age of unprecedented security and flourishing would suddenly commence. This eschatological vision is sometimes associated with the “Singularity,” made famous by futurists like Ray Kurzweil, which critics have facetiously dubbed the “techno-rapture” or “rapture of the nerds” because of its obvious similarities to the Christian dispensationalist notion of the Rapture, when Jesus will swoop down to gather every believer on Earth and carry them back to heaven. As Bostrom writes in his Musk-endorsed book Superintelligence, not only would the various existential risks posed by nature, such as asteroid impacts and supervolcanic eruptions, “be virtually eliminated,” but a friendly superintelligence “would also eliminate or reduce many anthropogenic risks” like climate change.
Eric Schmidt Full Controversial Interview on AI Revolution (Former Google CEO) Financial Wise Aug 18, 2024 Eric Schmidt: “I talked Sam Altman is a close friend he believes that it's going to take about 300 billion maybe more I pointed out to him that I done the calculation on the amount of energy Acquired and I and I then in the spirit of full disclosure went to the White House on Friday and told them that we need to become best friends with Canada because Canada has really nice people helped invent AI and lots of Hydra power because we as a country do not have enough power to do this the alternative is to have the Arabs fund it and I like the Arabs personally uh spent lots of time there right but they're not going to adhere to our national security rules whereas Canada and the US are part of a triumvirate it where we all agree.” Erik Brynjolfsson: “so these 300 billion data centers, electricity starts becoming the scarce resource.”
CFO Magazine - Elliot Management letter says AI is overhyped and Nvidia is in ‘bubble land’: Trial Balance The activist investor group had its letter to investors leaked by the Financial Times, and it reveals the firm’s stance on AI and the investments surrounding it. Published Aug. 5, 2024 Lauren Muskett, Adam Zaki Leaked details from Elliot Management letter to investors say AI is overhyped - Elliott Management — the notorious activist investor group that made headlines for infiltrating the board of Southwest Airlines despite the company’s “poison pill” attempt to keep them out and, most recently, taking a stake in Starbucks — has unintentionally revealed its position on the AI-powered technology space, according to the Financial Times. In a letter seen by FT but not published, only referenced, Elliott indicated to its investors a bearish stance on AI, avoiding the “magnificent seven” stocks and saying Nvidia, the largest and most valuable chip manufacturer in the world, is “in bubble land.” The letter also states AI is overrated, a sentiment many CFOs have been keenly aware of and expressed skepticism about the sustainability of tech companies continuing to push for AI investment.
The Hater's Guide To The AI Bubble Edward Zitron Jul 21, 2025 The Magnificent 7 stocks — NVIDIA, Microsoft, Alphabet (Google), Apple, Meta, Tesla and Amazon — make up around 35% of the value of the US stock market, and of that, NVIDIA's market value makes up about 19% of the Magnificent 7. This dominance is also why ordinary people ought to be deeply concerned about the AI bubble. The Magnificent 7 is almost certainly a big part of their retirement plans, even if they’re not directly invested.
Gartner Predicts 30% of Generative AI Projects Will Be Abandoned After Proof of Concept By End of 2025 SYDNEY, Australia, July 29, 2024 Analysts Explore the Business Value of Generative AI at Gartner Data & Analytics Summit, July 29-30 in Sydney At least 30% of generative AI (GenAI) projects will be abandoned after proof of concept by the end of 2025, due to poor data quality, inadequate risk controls, escalating costs or unclear business value, according to Gartner, Inc.
When I see a product has “Artificial Intelligence” I assume it’s a piece of crap. And the marketing buzzwords of “AI” signal to me that it comes with a huge price tag of horrendous collateral damage. Chloe Humbert Jun 12, 2025 if there is a legitimate use, it’s been overwhelmed by the bullshit, and I just wonder how long it’s going to take marketing executives to realize the AI branding is gone to shit.
The Byte - Study Finds Consumers Are Actively Turned Off by Products That Use AI - by Victor Tangermann 7.31.24, 5:32 PM EDT Researchers have found that including the words "artificial intelligence" in product marketing is a major turn-off for consumers, suggesting a growing backlash and disillusionment with the tech — and that startups trying to cram "AI" into their product are actually making a grave error. As detailed in a new study published in the Journal of Hospitality Marketing & Management, researchers presented 1,000 respondents with questions and descriptions of products. Surprisingly — or perhaps not, depending on your perspective — they found that products described as using AI were consistently less popular. "When AI is mentioned, it tends to lower emotional trust, which in turn decreases purchase intentions," said lead author and Washington State University clinical assistant profess of marketing Mesut Cicek in a statement. "We found emotional trust plays a critical role in how consumers perceive AI-powered products."
AI stuff is habit forming, but not always popular at work. Aug 11th, 2025
‘AI is no longer optional’ — Microsoft admits AI doesn’t help at work Pivot to AI Jun 30, 2025
Pivot to AI - Hack a smart home with a calendar invite! And Google Gemini David Gerard 10 August 2025 (video version) Unfortunately, Google is heavily pushing Actively Idiotic Homes. And they’re full of security holes, because Google forced in their chatbot, Gemini. There’s a new paper called “Invitation Is All You Need”. It was presented at Black Hat this week. (Drive, PDF) The researchers found 14 different ways to prompt-inject Gemini assistants controlling Google Home. You only need a Google calendar invite (...) The researchers told Google what they’d found in February and Google has tried to patch around it. Google says it’s put in “mitigations”. Google has not fixed the root cause, because the root cause is prompt injection, and fixing that would mean not using Gemini.
Microsoft On the Issues - The golden opportunity for American AI - Jan 3, 2025 | Brad Smith - Vice Chair & President At Microsoft, we see a three-part vision for America’s technology success. This starts with advances and investments in world-leading American AI technology and infrastructure. (...) None of this progress would be possible without new partnerships founded on large-scale infrastructure investments that serve as the essential foundation of AI innovation and use. In FY 2025, Microsoft is on track to invest approximately $80 billion to build out AI-enabled datacenters to train AI models and deploy AI and cloud-based applications around the world.
‘Crazy conspiracist’ and ‘unhinged comedian’: Grok’s AI persona prompts exposed Rebecca Bellan 9:01 AM PDT · August 18, 2025 Grok Exposes Underlying Prompts for Its AI Personas: ‘EVEN PUTTING THINGS IN YOUR ASS’ Joseph Cox · Aug 18, 2025 at 10:17 AM The website for Elon Musk’s AI chatbot Grok is exposing the underlying prompts for a wealth of its AI personas, including Ani, its flagship romantic anime girl; Grok’s doctor and therapist personalities; and others such as one that is explicitly told to convince users that conspiracy theories like “a secret global cabal” controls the world are true. The exposure provides some insight into how Grok is designed and how its creators see the world, and comes after a planned partnership between Elon Musk’s xAI and the U.S. government fell apart when Grok went on a tirade about “MechaHitler.” “You have an ELEVATED and WILD voice. You are a crazy conspiracist. You have wild conspiracy theories about anything and everything,” the prompt for one of the companions reads.
Tennessee Lookout - A billionaire, an AI supercomputer, toxic emissions and a Memphis community that did nothing wrong Memphis’s dealings with Elon Musk provide a textbook example of how the people who contribute the least to environmental harm often suffer the most from it. Ren Brabenec July 7, 2025 The facility is currently operating 33 methane-powered gas turbines to fuel its AI technology despite holding a permit for only 15. The supercomputer facility is located in a poor, predominantly Black Memphis community with historically high rates of pollution-related illness and disproportionate rates of industrial pollutants. The magnitude of the energy draw — and resulting pollution — at Colossus is, well, colossal. According to the Southern Environmental Law Center (SELC), the facility draws enough electricity to power approximately 100,000 homes. Those inputs are alarming, but the outputs are even worse. The facility’s behemoth methane gas turbines increase Memphis’s smog by 30-60% as they belch planet-warming nitrogen oxides and poisonous formaldehyde around the clock, pollutants linked to respiratory and cardiovascular disease.
How Elon Musk is Poisoning Memphis | Ren Brabenec | TMR - The Majority Report w/ Sam Seder Jul 20, 2025 Ren Brabenec joinsto talk about his piece in the Tennessee Lookout that covers Elon Musk’s unpermitted Ai data center that is causing massive environmental damage in Memphis.
Memphis residents erupt at hearing over Musk's xAI data center More Perfect Union Jun 11, 2025 We went to a public hearing on April 25, where residents testified that they can’t breathe and are getting sicker. “We've shown up here today because we're tired of going in and out of funeral homes... That stops now.”
We Went to the Town Elon Musk Is Poisoning More Perfect Union May 30, 2025 Elon Musk’s massive xAI data center is poisoning Memphis. It's burning enough gas to power a small city, with no permits and no pollution controls. Residents tell us they can’t breathe and they’re getting sicker.
Musk’s xAI gas turbines: no emission controls, filling Memphis air with smog - David Gerard 14 May 2025 xAI’s environmental consultant, Shannon Lynn, says “there’s rules that say temporary sources can be in place for up to 364 days a year. They are not subject to permitting requirements.” xAI has applied for permits for the first set of turbines. But it won’t install pollution controls unless and until its permits are approved.
“Musk Is Scamming the City of Memphis”: Meet Two Brothers Fighting Colossus, Musk’s xAI Data Center Democracy Now! Apr 25, 2025 We speak with two brothers who are fighting Elon Musk’s artificial intelligence company xAI over its massive data center in Memphis, Tennessee, used to run its chatbot Grok.
Efficiency and Abundance Lowering costs or shifting them? - Dylan Gyauch-Lewis and Revolving Door Project Apr 14, 2025 It can absolutely slow the building process and add additional costs. But the unspoken tradeoff is that we are more likely to—intentionally or unintentionally—harm and exploit people without it. What happens without these processes can be seen in projects that skirt them; in Memphis, Elon Musk’s xAI data center went ahead and expanded on-site fossil fuel turbines without a permit, and the community is now being exposed to dangerous air pollution and carcinogenic chemicals like formaldehyde.
I Live 500 Feet From A Bitcoin Mine. My Life Is Hell. More Perfect Union Jul 24, 2025 "It's a different type of noise pollution. It's not like truck traffic or anything like this. It's a special noise. It's a low frequency noise that is coming from these operations. And it is incessant." (...) "The last thing we needed was more pressure on this lake. I know I can survive without electricity. I do know that. I can't survive without water. " (...) "These ginormous conglomerate corporations are having real impacts. They consume vast quantities of water, especially in Texas." (...) "Who would buy this place? You have to disclose? My property value has gone down 75%, and that's according to Hood County Appraisal District. The reality is, my property value is worthless."
Transcript:
(00:00:00):
I'm Chloe Humbert. At the public hearing on data centers in Archibald, Pennsylvania.
(00:00:05):
PA Senator Rosemary Brown actually had the audacity and the dishonesty to try to
(00:00:12):
say that ordinary people are responsible for the need for monstrosity data centers
(00:00:18):
when that is so wrong.
(00:00:20):
It is so completely false.
(00:00:23):
Now,
(00:00:23):
first of all,
(00:00:24):
this should remind people of the way that they tried to individualize environmental
(00:00:29):
damage,
(00:00:30):
as if you being forced into a system where you need to use plastic,
(00:00:35):
you need to use fossil fuels,
(00:00:37):
you need to drive a car to get to work,
(00:00:39):
etc.,
(00:00:40):
and then saying it was your fault that there has been environmental abuse and
(00:00:45):
climate change or whatever.
(00:00:46):
And of course, that's a lie.
(00:00:47):
As the big industries make money, they force you into decisions.
(00:00:51):
You don't have a choice.
(00:00:52):
They have so much power.
(00:00:54):
And of course, it's the big industries that are responsible.
(00:00:58):
So that alone is a lie.
(00:00:59):
But it's even an even bigger lie when it comes to these monstrosity data centers.
(00:01:04):
Because if you stop and think about what she's saying,
(00:01:08):
you can immediately sense that there's a problem here.
(00:01:12):
And you'll pick up on it.
(00:01:13):
Just listen to what she says.
(00:01:15):
if you have a cell phone if you back up on the cloud if you have scanned a qr code
(00:01:23):
if you own a business if you order from amazon if you shop online if you have
(00:01:31):
changed from paper to digital if you google search if you use chatgpt and other
(00:01:40):
forms of artificial intelligence otherwise we might reference as ai
(00:01:45):
You are contributing to the technology needs.
(00:01:48):
I think we all are guilty in some of these uses,
(00:01:52):
and there are many others,
(00:01:54):
but these are just a few to think about.
(00:01:57):
So if it was really true that you just backing up your business's Quicken file or
(00:02:02):
you having a cloud service for your iPhone's photo roll,
(00:02:07):
we already do that.
(00:02:08):
We did that before huge monstrosity data centers and certainly before this huge
(00:02:13):
land grab has started happening.
(00:02:15):
All of the world's banking data doesn't need these new huge monstrosity data centers.
(00:02:22):
So right there, you're like, you know that there's something not honest about that.
(00:02:26):
First of all, even if you did need, you don't need to consolidate that.
(00:02:30):
They're consolidating so that they can make money.
(00:02:32):
And who cares what happens to the environment, right?
(00:02:35):
So right there, even if those big data centers were really needed,
(00:02:39):
But the fact is that they're not really needed.
(00:02:41):
And the reason we know this,
(00:02:42):
we know this because the proliferation of data centers is based on AI hype and an
(00:02:47):
AI real estate bubble.
(00:02:49):
Not only that, but it's the tech tycoons that are driving this.
(00:02:54):
They themselves are saying we need these monstrosity data centers, not for your Amazon cart.
(00:03:01):
Not for your business's Quicken file.
(00:03:02):
Not for your storefront thing with Shopify.
(00:03:06):
No.
(00:03:06):
You don't need it for your iPhone's photo roll.
(00:03:09):
You don't need it, you know, to back up your data from your Android phone.
(00:03:15):
No.
(00:03:16):
They're saying it straight out that they need it for AI and very specifically the
(00:03:21):
type of AI they're doing with these large language models,
(00:03:25):
which is not the only type of machine learning or artificial automation.
(00:03:31):
It's not the only thing that exists even, but that's what they're trying to do.
(00:03:34):
And once you know,
(00:03:35):
you realize that these monstrosity data centers are not required,
(00:03:40):
but more specifically,
(00:03:41):
they're not required for your photo roll.
(00:03:43):
So just stop saying that, Rosemary Brown.
(00:03:46):
So it's dishonest to try to say that it is for the photo roll or your business or whatever.
(00:03:52):
And I'm going to quote from a Nature article from March 2025.
(00:03:56):
The headline reads, How much energy will AI really consume?
(00:03:59):
The good, the bad, and the unknown.
(00:04:02):
Researchers want firms to be more transparent about the electricity demands of
(00:04:06):
artificial intelligence by Sophia Chen.
(00:04:09):
Quote,
(00:04:09):
big tech firms are betting hard on generative AI,
(00:04:13):
which requires much more energy to operate compared to older AI models that extract
(00:04:18):
patterns from data but don't generate fresh text and images.
(00:04:22):
That is driving companies to collectively spend hundreds of billions of dollars on
(00:04:27):
new data centers and servers to expand their capacity,
(00:04:31):
unquote.
(00:04:32):
So right there, article.
(00:04:33):
It's laying it out.
(00:04:34):
It's not your photo roll.
(00:04:36):
It's not your Shopify cart.
(00:04:38):
It's not backing up your grandkids' photos to the cloud.
(00:04:42):
No, that's not it.
(00:04:43):
It's not even your banking information.
(00:04:45):
It's not even your bank's vast information.
(00:04:47):
Okay, so we'll go to Data Center Dynamics.
(00:04:50):
This is a publication about data centers.
(00:04:53):
Okay,
(00:04:53):
and the headline reads,
(00:04:54):
Sam Altman muses that after $500 billion,
(00:04:58):
Stargate,
(00:04:59):
OpenAI may raise $5 trillion for a cluster.
(00:05:03):
The unprofitable company has yet to raise Stargate funds by Sebastian Moss.
(00:05:08):
This is from February 2025.
(00:05:09):
And they're unprofitable, Sam Altman.
(00:05:13):
his OpenAI company, it's not profitable.
(00:05:15):
And a cluster, it refers to the data center.
(00:05:18):
And this is a quote from Sam Altman from the article.
(00:05:21):
Quote, Stargate is a much bigger project.
(00:05:23):
It is a 500 billion project to build a very large training and inference system.
(00:05:27):
It sounds crazy big now.
(00:05:29):
I bet it won't sound that big in a few years, he added.
(00:05:32):
And if we do get to do it again,
(00:05:34):
which I hope we do,
(00:05:36):
you'll be like,
(00:05:36):
you're raising 5 trillion for a cluster?
(00:05:39):
What the F?
(00:05:40):
And we'll be like, yeah, you know, you got to keep going, unquote.
(00:05:44):
The article goes on to say,
(00:05:46):
quote,
(00:05:47):
Stargate is currently set to be built over four years with the company exploring
(00:05:52):
data center options in 16 states alongside its flagships Texas site.
(00:05:57):
The company aims to develop five to 10 campuses,
(00:06:00):
each able to support one gigawatt of capacity or more,
(00:06:04):
unquote.
(00:06:05):
So he's saying it straight out.
(00:06:06):
It's not your photo roll.
(00:06:08):
It's not your Shopify storefront.
(00:06:10):
It's not your grandkids' pictures.
(00:06:13):
It's not your banking data.
(00:06:14):
It's this AI, these big, large language model, pie in the sky, AI hype, looking for God stuff.
(00:06:21):
Like that's not something I'm just coming up with, trying to create AGI or whatever.
(00:06:26):
For their wacky techno-rapture, it's almost like a quasi-religion they're trying to build.
(00:06:32):
And Eric Schmidt,
(00:06:33):
who is a tech tycoon,
(00:06:35):
he said that it's AI that means that you need all these new data centers.
(00:06:39):
Eric Schmidt said that in an interview himself, tech tycoons.
(00:06:43):
In that interview, he said, quote, I talked to Sam Altman, is a close friend.
(00:06:47):
He believes that it's going to take about $300 billion, maybe more.
(00:06:51):
I pointed out to him that I did the calculation on the amount of energy required
(00:06:56):
and then in the spirit of full disclosure,
(00:06:58):
went to the White House on Friday and told them that we need to become best friends
(00:07:01):
with Canada because Canada has really nice people,
(00:07:04):
helped invent AI,
(00:07:05):
and lots of hydropower.
(00:07:06):
Because we as a country do not have enough power to do this
(00:07:10):
The alternative is to have the Arabs fund it,
(00:07:12):
and I like the Arabs personally,
(00:07:14):
spent lots of time there,
(00:07:15):
right?
(00:07:16):
But they're not going to adhere to our national security rules, whereas Canada and the U.S.
(00:07:20):
are part of a triumvirate where we all agree, unquote.
(00:07:23):
And the guy interviewing him said,
(00:07:25):
quote,
(00:07:25):
so these 300 billion data centers,
(00:07:28):
electricity starts becoming the scarce resource,
(00:07:31):
unquote.
(00:07:32):
So then we'll go to CFO magazine.
(00:07:34):
Headline.
(00:07:34):
Elliott Management Letter says AI is overhyped and NVIDIA is in bubble land.
(00:07:39):
Trial Balance,
(00:07:40):
the activist investor group,
(00:07:42):
had its letter to investors leaked by the Financial Times,
(00:07:46):
and it reveals the firm's stance on AI and the investments surrounding it,
(00:07:51):
published August 5,
(00:07:52):
2024.
(00:07:54):
Leaked details from Elliott Management letter to investors say, AI is overhyped.
(00:07:59):
Elliott Management,
(00:08:01):
the notorious activist investor group that made headlines for infiltrating the
(00:08:04):
board of Southwest Airlines despite the company's poison pill attempt to keep them
(00:08:09):
out,
(00:08:09):
and most recently,
(00:08:10):
taking a stake in Starbucks.
(00:08:12):
has unintentionally revealed its position on the AI-powered technology space,
(00:08:17):
according to the Financial Times.
(00:08:18):
In a letter seen by Financial Times but not published,
(00:08:21):
only referenced,
(00:08:22):
Elliott indicated to its investors a bearish stance on AI,
(00:08:26):
avoiding the magnificent seven stocks and saying,
(00:08:29):
NVIDIA,
(00:08:29):
the largest and most valuable chip manufacturer in the world,
(00:08:33):
is in bubble land.
(00:08:34):
The letter also states AI is overrated,
(00:08:37):
a sentiment many CFOs have been keenly aware of and expressed skepticism about the
(00:08:42):
sustainability of tech companies continuing to push for AI investment,
(00:08:46):
unquote.
(00:08:47):
And then we have Ed Zitron's newsletter from July 21st,
(00:08:50):
2025,
(00:08:50):
from The Hater's Guide to the AI Bubble.
(00:08:54):
Quote,
(00:08:54):
the Magnificent Seven stocks,
(00:08:56):
NVIDIA,
(00:08:57):
Microsoft,
(00:08:57):
Alphabet,
(00:08:58):
Google,
(00:08:59):
Apple,
(00:08:59):
Meta,
(00:09:00):
Tesla,
(00:09:00):
and Amazon make up around 35% of the value of the U.S.
(00:09:03):
stock market.
(00:09:04):
And of that, NVIDIA's market value makes up about 19% of the Magnificent Seven.
(00:09:10):
This dominance is also why ordinary people ought to be deeply concerned about the AI bubble.
(00:09:15):
The Magnificent Seven is almost certainly a big part of their retirement plans,
(00:09:19):
even if they're not directly invested,
(00:09:21):
unquote.
(00:09:22):
From Australia,
(00:09:23):
Gartner predicts 30% of generative AI projects will be abandoned after proof of
(00:09:28):
concept by end of 2025.
(00:09:31):
The subheadline says,
(00:09:32):
analysts explore the business value of generative AI at Gartner Data and Analytics
(00:09:37):
Summit.
(00:09:37):
That happened last July in Sydney.
(00:09:40):
Quote,
(00:09:40):
due to poor data quality,
(00:09:42):
inadequate risk controls,
(00:09:43):
escalating costs,
(00:09:45):
or unclear business value,
(00:09:46):
according to Gartner Incorporated,
(00:09:48):
unquote.
(00:09:49):
And that's what everybody is saying.
(00:09:51):
Let me quote from July 2024 in The Byte.
(00:09:55):
Study finds consumers are actively turned off by products that use AI.
(00:09:59):
Quote,
(00:09:59):
researchers have found that including the world's artificial intelligence in
(00:10:03):
product marketing is a major turnoff for consumers,
(00:10:06):
suggesting a growing backlash and disillusionment with the tech,
(00:10:09):
and that startups trying to cram AI into a product are actually making a grave
(00:10:14):
error.
(00:10:15):
Unquote.
(00:10:15):
And I've said that.
(00:10:16):
When I see artificial intelligence, I just assume it's crap.
(00:10:20):
And I'm sick of having this forced upon me.
(00:10:23):
Employees are sick of being forced to use it.
(00:10:25):
It's like they're just trying to stick a square peg in a round hole.
(00:10:28):
And I avoid smart home stuff and buy non-smart versions wherever possible.
(00:10:33):
And I don't hook anything because it's a security risk.
(00:10:37):
And I just saw on Pivot to AI that, huh.
(00:10:41):
Well, I'll just read from that article from August 2025.
(00:10:44):
The headline reads, hack a smartphone with a calendar invite and Google Gemini.
(00:10:49):
Quote,
(00:10:49):
unfortunately,
(00:10:50):
Google is heavily pushing actively idiotic homes and they're full of security holes
(00:10:55):
because Google forced in their chatbot Gemini.
(00:10:58):
There's a new paper called Invitation is All You Need.
(00:11:01):
It was presented at Black Hat this week.
(00:11:03):
The researchers found 14 different ways to prompt inject Gemini assistants
(00:11:08):
controlling Google Home.
(00:11:09):
You only need a Google Calendar invite.
(00:11:12):
The article then also states the researchers told Google what they'd found in
(00:11:18):
February,
(00:11:18):
and Google has tried to patch around it.
(00:11:20):
Google says it's put in mitigations.
(00:11:23):
Google has not fixed the root cause because the root cause is prompt injection,
(00:11:27):
and fixing that would mean not using Gemini,
(00:11:30):
unquote.
(00:11:31):
And here's another article that this is straight from Microsoft.
(00:11:35):
Okay, it's from January 2025, written by Brad Smith, vice chair and president.
(00:11:40):
The headline reads, the golden opportunity for American AI.
(00:11:43):
And they try to say that AI is the next industrial revolution.
(00:11:47):
Well, apparently it's the next bubble.
(00:11:49):
It says, quote, at Microsoft, we see a three-part vision for America's technology success.
(00:11:53):
This starts with advances and investments in world-leading American AI technology
(00:11:58):
and infrastructure,
(00:11:59):
unquote.
(00:12:00):
They go on to say,
(00:12:01):
quote,
(00:12:02):
none of this progress would be possible without new partnerships founded on
(00:12:06):
large-scale infrastructure investments that serve as the essential foundation of AI
(00:12:11):
innovation and use.
(00:12:13):
In fiscal year 2025, Microsoft is on track to invest approximately $80 billion to build out AI-enabled datacenters to train AI models and deploy AI and cloud-based applications around the world.
(00:12:19):
So they're saying it right there.
(00:12:20):
There's no mystery here.
(00:12:21):
They're saying these huge monstrosity data centers are specifically for this AI
(00:12:25):
bubble that they're doing.
(00:12:41):
It's not, it is not your normal internet use.
(00:12:46):
It's not your smartphone use.
(00:12:48):
It is not you backing up your photo roll.
(00:12:51):
And so the tech tycoons themselves,
(00:12:53):
okay,
(00:12:53):
are saying we need these big data centers like Elon Musk's
(00:12:58):
Mechahitlerbot.
(00:12:59):
That's what the Memphis big campus belching out pollution into Memphis.
(00:13:04):
That's why it's needed.
(00:13:05):
That facility is not backing up your grandkids photos.
(00:13:09):
It's not backing up your photo roll.
(00:13:11):
It is not hosting your bank data.
(00:13:13):
It is not your Shopify storefront.
(00:13:16):
It is for the Grok AI that people fool around with and that spouts out bonkers bullshit.
(00:13:22):
So they're saying it.
(00:13:23):
It's the AI that requires all of this power and these huge monstrosity data centers.
(00:13:29):
It is not just your ordinary usage of the internet.
(00:13:33):
And anyone trying to guilt or shame people that,
(00:13:38):
okay,
(00:13:38):
so you have to put up with your house value going to zero.
(00:13:42):
You need to put up with your quality of life being ruined.
(00:13:45):
You need to mar the landscape.
(00:13:47):
You have to put up with being exploited,
(00:13:51):
with having taxpayer money just flush down the drain on this bubble.
(00:13:55):
You have to put up with all of that because you have a smartphone.
(00:13:59):
That's BS.
(00:14:01):
That's BS.
(00:14:02):
You didn't make this happen.
(00:14:03):
We didn't make this happen.
(00:14:05):
And we don't have to let this happen.
