"Hidden" my ass. Dominion Energy just sent me an email saying my average bill was going to INCREASE by $8 per month due to The Economy™, but clearly that's bullshit.
Soon someone discovers the amount of processing power and RAM needed to make or run these models. That's going to be a surprise.
E: I'm ranting because of the headline. The fact itself can't be stated too often. Hopefully some of those investors start to question if AI company shares are a good investment.
AI companies keep promising productivity gains, but one of the first guaranteed outcomes is that everyone else helps pay the electricity bill. If the grid is upgraded for a few hyperscalers while the costs are spread across millions of customers, that’s not a free market. It’s a subsidy with extra steps.
Thankfully I’m not paying it. Even before the AI boom I saw the overall upward trend in power costs. I went solar with battery backup when I had my house built and I bought enough to be at or above 100% offset with net metering. The only thing I pay is the grid-tie connection fee each month, and I get a small check from the power company each year for any overage I generate.
8 Comments
cheese_greater@lemmy.world · 25 pts · 19d
Whaddya know, "they" love socialism after all. Socialism for them, Capitalism for thee
theredknight@lemmy.world · 4 pts · 19d
The technical term for this is neoliberalism
lemmyng@lemmy.world · 21 pts · 19d
"Hidden" my ass. Dominion Energy just sent me an email saying my average bill was going to INCREASE by $8 per month due to The Economy™, but clearly that's bullshit.
dan1101@lemmy.world · 8 pts · 19d
Mine has already doubled from 2 years ago, with the same amount of usage.
probable_possum@leminal.space · 10 pts · 19d
Hidden? Whoa.
Soon someone discovers the amount of processing power and RAM needed to make or run these models. That's going to be a surprise.
E: I'm ranting because of the headline. The fact itself can't be stated too often. Hopefully some of those investors start to question if AI company shares are a good investment.
eicker@lemmy.world · 4 pts · 19d
AI companies keep promising productivity gains, but one of the first guaranteed outcomes is that everyone else helps pay the electricity bill. If the grid is upgraded for a few hyperscalers while the costs are spread across millions of customers, that’s not a free market. It’s a subsidy with extra steps.
YetAnotherNerd@sopuli.xyz · 3 pts · 19d
“For this story, Fortune’s journalists used generative AI as a research tool.
tomkatt@lemmy.world · 3 pts · 18d
Thankfully I’m not paying it. Even before the AI boom I saw the overall upward trend in power costs. I went solar with battery backup when I had my house built and I bought enough to be at or above 100% offset with net metering. The only thing I pay is the grid-tie connection fee each month, and I get a small check from the power company each year for any overage I generate.