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We uncovered something far bigger than I ever expected. After seeing coordinated false attacks against the Utah data center project, we brought in an advanced data science team to trace where the content was coming from and the results were shocking. What we found led back to organized networks,...

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David Friedberg: Michael Burry’s Datacenter Math is Wrong “I actually think Michael Burberry's got this wrong.” “What Michael Burry is saying is that all of these hyperscalers have extended their depreciation schedule or the useful life of their data centers by roughly 2x, which cuts the operating costs in half when they report it in earnings. And so it's making their earnings inflate.” “So he's claiming they're cooking the books. Google first made this change in Q1 of 2021, where they said the servers are now going from 3 to 4 years. Separately in 2021, Google took networking equipment from 3 to 5 years. And then in 2023, they took it from 5 to 6 years.” “And so this is a result of this effort where they went in and did an analysis. So what happened?” “What happened in the data centers is that the data centers transitioned from being primarily data storage and data transfer systems, where you would use hard drives and RAM and memory to store data and then transmit it back out, to being data processing centers because of the AI boom.” “So as AI became more important in the data center, more of the dollars that are going into data centers were allocated towards chips from data storage, which initially was hard drives.” “And then suddenly, when you put these processors in to process the data to do AI, the majority of the spend and the majority of the energy is going towards the processors.” “I made some calls and I checked around with some other friends, and everyone says the same thing: that these 7-8 year old TPUs and GPUs that are sitting in the data centers are still being used and they're being used at 100% utilization.” “So that actually justifies and validates the depreciation schedule being much longer versus shorter.”

The All-In Podcast

304,297 Aufrufe • vor 8 Monaten

Yesterday I drove to Columbus to testify before Ohio’s Joint Data Center Committee thinking it was a serious effort to protect Ohio communities. Today I found out several of the members have conflicts of interest. Ohioans are being told this committee exists to provide oversight and protect citizens from the impacts of massive data center development. But look at who is sitting on the committee. One co-chair owns and manages oil and gas companies, well services, and businesses connected to energy infrastructure. Another co-chair runs an industrial contracting company that could potentially benefit from large-scale infrastructure projects. Another member leads a commercial and industrial construction company. Several committee members have received campaign contributions from utility, energy, construction, and power-sector PACs. Meanwhile, these same politicians support policies promoting massive energy expansion for data centers. So here’s my question: How can Ohioans have confidence this committee is independent when so many members have professional, political, or financial ties to industries that stand to benefit from data center growth? I didn’t come to Columbus to participate in political theater. I came because Ohio families have legitimate questions about energy demand, water consumption, environmental impacts, property rights, privacy concerns, and the long-term consequences of building an AI and data center economy across our state. Instead of an independent watchdog, are we looking at a committee designed to reassure the public while the decisions have already been made? Ohioans deserve answers. Ohioans deserve transparency. And Ohioans deserve a committee that represents the public, not the industries that profit from the outcome. Was this committee created to protect Ohio citizens? Or was it created to make us think someone is protecting Ohio citizens? That’s the question I you with today. #Ohio #datacenters #WaterRights #PrivacyMatters #energybills

Kim Georgeton for Ohio

15,623 Aufrufe • vor 2 Monaten