[edited for name typo]
Here is Prof Richard Murphy’s latest post in taxresearch dot org dot UK.
His ‘musings’ are not frivoloius and they are worth taking note of. Here, he agrees with Paul Krugman on the #AIBubble and its #DataCenterBoom with an intertesting note on #Software.
“His [Paul Krugman] concern, and I think it was a reasonable one, was that there is no evidence at all that what is now happening as a result of the current AI boom will create anything of lasting value. We do not know whether the hardware being built in the form of data centres will prove sustainable. Already, 20% of all electricity in Ireland is being used to power data centres. This makes no sense, and replication on this scale appears impossible.
Likewise, when we look at the software and related IT, the potential rate of advance in technology in this sector is so great, if it lives up to its promise, that everything being created now will be of little use in only two or three years' time.”
Read more here
taxresearch.org.uk/Blog/2026/0…
##GenAI #AISlop #DataCenterEnergyConsumption #DataCenterWaterConsumption #Economics #FinancialBubble
Should we live in fear of AI?
I enjoyed yesterday. I took the day very slowly. Jacqueline and I went to the Welney Wetland and Wildlife Trust reserve, a frequent destination for us, and took a walk around the south end of the extensive reserve.Richard Murphy (Funding the Future)
