Datacenters, as I have pointed out in my earlier blogs, demand too much energy and water for this planet to sustain. Now the International Monetary Fund has been monitoring the global impact for sometime, purely on an economic basis:
Monetary Fund (IMF) has issued a stark warning to executives: financial uncertainty has become an inalienable feature of the modern economy.
Speaking in advance of the IMF’s annual gathering in Washington, D.C. next week, Kristalina Georgieva, the organisation’s MD, told audiences to “buckle up”.
“Uncertainty is the new normal and it is here to stay,” she added.
Her comments at the Milken Institute on 8 October arrive during a period of elevated market prices, especially with regards to AI.
https://aimagazine.com/news/buckle-up-the-imf-warns-that-ais-bubble-might-burst-soon
And see Sky News analysis:
borderslynn 