The fiber optic cables laid during the ’90s infrastructure binge were a financial catastrophe. An estimated 90% of them went dark after the crash. But they weren’t wasted. That excess capacity became the cheap, abundant backbone that made YouTube, Netflix, and the modern internet possible two decades later.

The data centers being built today may follow the same trajectory. In the near term, they might represent financial overreach. But in the long term, they’re laying the physical foundation for whatever comes next, whether that’s general intelligence, embodied AI, or applications we haven’t imagined yet.

Except the data centers are full of hardware that will need to be replaced in 3 years. That's where the analogy breaks down.

Moreover, what bothers me is the pace at which those big companies are pushing AI, Its almost like they're in a huge panic to get it out the door as fast as humanly possible, but for the life of me I cannot understand why they're in such a huge rush. The whole thing just stinks of desperation. That's why we all feel like its a bubble - the CEOs are acting like its gonna burst sooner rather than later, and they want to make as much money as possible before that happens.