> West-- as usual-- is pursuing quarterly profits and forgetting to look up.
The companies building out vast data centers for AI aren’t looking to make profits for several years (if ever), and are catching a lot of flak for it. The shareholders who seem to be focused on short-term profits and punish them every time they get cold feet. Oracle is a prime example of this.
I don’t know if the markets in Asia work differently, or if the investors there are just as fickle.
And they should be catching a lot of flak for it because it's not really long term strategic planning, it's overhyping a technology and running roughshod over society promoting misuses and AI slops.
Although I'm the first to agree with this, it is actually commendable in the sense that it breaks with the quarterly profits approach.
Like meta with the metaverse thing, I hate it with a passion, but pouring billions yearly with little return just to support your vision is at least a break with tradition...