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they're selling dollars for 50 cents
@jadler0
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BREAKING: The US Labor department says economic data will NOT be released until the government shutdown ends, pointing to a 60+ day "blackout."View quoted post on X
This includes:
1. Monthly Jobs Reports
2. Monthly Unemployment Rate
3. Monthly CPI inflation data
4. Monthly PPI inflation data
5. Monthly Retail Sales data
6. Monthly Housing Starts data
The Fed is cutting rates into the "dark."
The trillion dollar question:View quoted post on X
How will we generate enough energy to power all of these AI deals?
The US Department of Energy says US data centers will use 325,000–580,000 GWh of power per year by 2028.
That’s equivalent to the power used by ~40 million homes, all on JUST data centers.
Currently, nuclear power is viewed as the only solution to the impending power shortage.
The average nuclear produces power plant can produce 8,000 GWh per year.
In other words, we would need ~73 plants new to power 580,000 GWh data centers.
However, here is the problem:
The US has added 2 nuclear reactors since 1995 and it takes over 10 years to build one.
Reaching the required energy output by 2028 seems close to impossible at our current rate.
Something must change.