AI Infrastructure Spending

“We've created this reflexivity. We're now, we justify overspending on the basis of prior overspending having worked out. Well, in prior episodes where that happened, people were not justifying the overspending by saying, say, in rural electrification, you know…”

“Like the, it's all, you already know, because they, all the companies raised the money already. Like the infrastructure spend has already been locked in.”