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manarth a day ago

  > "If there is a huge demand for shipping goods internationally,
  >  investing in ships and planes isn't burning money.
  >  There is massive demand for compute in the world right now"
Emphasis on right now. CapEx makes sense if the demand is forecast to deliver enough profit over the expected lifespan of the investment to recoup the cost and margin.

There's enough hype and exuberance in the AI market that it's likely some players are going to be left holding the bag with a write-down on assets.