The Subprime Data Center Crisis

[https://www.wheresyoured.at/the-subprime-data-center-crisis/](https://www.wheresyoured.at/the-subprime-data-center-crisis/) Would love to hear your thoughts on this piece from AI bear Ed Zitron. It's a long read but he talks in great detail about: * How data centre financing is hidden off balance sheets and comparable * How it's all reliant on circular financing, which in turn all hinges on 2 (unprofitable) companies, Anthropic and OpenAI * How data centre build-out is 15x overcapacity with little sign that there is actual demand to fill it - other than from the hyperscalers and Anthropic / OpenAI I found the link between all this data centre funding and the subprime mortgage crisis a useful analogy. It's a really detailed piece into the financing and obfuscation of the whole AI/data centre rally, but keen to hear what more experienced investors think.