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SW MN | I just read an article about a community that had an AI data center built. Local housing and rents skyrocketed during build out (took 3 years I believe) and once those workers were gone, the market for housing and rent needed to drop considerably and the location is struggling to re-adapt. Its a lot like the oil boom/bust scenarios. Tough to build out the necessary housing and infrastructure during construction to house the workers. Once they were done, the amount of people necessary for operations was a fraction of the prior workforce.
The article also talked about the sheer number of data centers being planned to be built in America. The infrastructure, materials and energy production to run those centers doesn't exist in a volume necessary to complete. We have objectively scheduled the build out of these centers without the necessary infrastructure currently in existence to allow them to run. The cart is definitely before the horse. How this plays out will be interesting. I don't think we can possibly make this work unless we build a lot of nuclear plants near the data centers. Wind and solar are not reliable enough to source the energy needed. Coal, hydro, and NG are necessary to fill this gap. | |
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Stock Market - OUCH
