The fundamental lie behind the AI fraud is that compute is scarce relative to demand. OpenAI, Grok, Meta did overinvest in hoarding GPUs far ahead of their usage. Last 2 are now competing on hourly GPU market, and AI tokens/revenue has fallen 20% since spring peak, which is a bubble pop compared to 10x/year perpetual growth expectations behind the hoarding. While hourly gpu rental market is stable rather than declining, it is stable at very low prices, mostly for accounting reasons of not actually losing money intentionally. Deployed GPUs are abundant proven by accounting floor based pricing. A b300 can deliver 8x the tokens of an h200 but only rents for 2x more.
Publication date April 2, based on reporting from Bloomberg on April 1. Anyone have an update 3 months later? I want to see what happened to the remaining half.
reporting from Bloomberg on April 1
Um …
Good, demand projections were a little too optimistic.
Good start. Now for the other half.
I’m telling you man, I can get this special oil out of this snake and it fixes everything I tried it on. It’s really rare, but I’ll let you buy some, because I think you’re smart. I wouldn’t sell it to anyone else, I’d just keep it for myself, but you get it, man.
I’ll take 3 Oils of the Snake!!! Finally, someone who recognizes my insight and commitment to enriching myself without all that foolish hard work or technical expertise.
So that means PC component prices will fall, right?
Right?
they won’t fall until AI companies cancel their purchasing contracts
Here’s hoping that the bubble pops. I want to fill my machine with RDIMMs, and swap all of my SATA SSDs with 8tb 2280s.
How many cancellations and delays before we can get a fire sale on all that hardware that was supposed to go in those data centers?
Well, it hadn’t all yet been produced, so no fire sale.
So hardware cost will go down. Right?.. Right? :lolsob:
Of course not! Something getting cheaper for retail is a tragedy for the markets.
Some players take the mask off straight away:
Almost half? nowhere near enough. We gotta get to it being “all”.
Exactly. Those are rookie numbers keep working together and getting more people active as a collective unit!!! Power to the people!!!
Also we want our damn RAM and pre-Trump lower prices back!!! We will get there in time!!
Finally found some good news this morning.
We could really use more good news focused communities on Piefed/Lemmy
good.
now do llms.
Note that this article is from 2 April 2026, so by now the number could be even higher.
Actually, no.
Not at all:
The AI infrastructure buildout is entering a new phase: Tech companies are doubling down on AI.
Graph Source: Bloomberg.
US tech companies are committing to spend a record $850 billion on data center leases over the next several years.
This marks a +$570 billion YoY increase, or +204%, and +$200 billion QoQ increase, or +31%.
Meta, $META, added the most in Q1 2026, committing +$79 billion in new leases, a +76% QoQ increase, bringing its total to ~$183 billion.
At the same time, Microsoft, $MSFT, added +$41 billion, a +26% QoQ increase, bringing its total to ~$197 billion.
Oracle leads with the largest total commitments at ~$250 billion, having already secured many of the key sites needed to fulfill its contract with OpenAI.
Source: The Kobeissi Letter.
That’s committed spend. What does that have to do with delayed or cancelled data center build-outs? Those commitments could be delayed or cancelled in the future as well. After all, the name of the game for this AI bubble has been to put up ridiculous numbers and keep increasing them, physical reality be damned.
Oh beep. I’m glad you brought data and sources and it was well-researched but did it have to be bad news?
We can do better!
