difference is most modern ipos already have all the returns baked in from when they were private companies. when a company IPOs now, you’re betting on the company to 10x from there, which is hard when a valuation is 1T already. Meta IPO’d at 104B and google at 23B and went up from there…
Comparing water use for agriculture that grows the food we eat to survive versus data centers is out of touch at best.
On site power exists because our grid cannot support the buildout; and even then, power companies are effectively prioritizing electricity for data centers over residents, while still raising prices on everyone...
On-site power will only account for 25-33% of data center power use by 2030. That's according to Bloom Energy, who actually build on-site power. Where do you think the rest of the power comes from?
As someone in tech, this is why people are hating on our industry. You cannot be so dismissive of people's valid concerns just by calling it 'trendy to hate'. To get buy-in, you have to be empathetic, which is not mutually exclusive with still being firm on your stances.