MAJOR VICTORY as AI Data Centers Go Down!

We're not curing cancer anytime soon with AI, folks. New York, statewide moratorium. 30 million gallons of water. Dystopian, destructive AI data centers. That's democracy? No, that sounds like crony, sociopathic capitalism. Covering what the corporate media covers up. Major breaking news and a victory for the growing movement against these dystopian, destructive AI data centers. As New York becomes the first state in America to pass a statewide moratorium on AI data centers. This from Governor Kathy Hochul, who's up for re-election. We'll get to that later. She announced today New York signing an executive order to place a one-year pause on the construction of the largest data centers, putting the state at the forefront of the national debate over AI companies' impact on American landscapes and energy grids. The order, the first of its kind in the US, will temporarily bar the state from approving permits for so-called hyperscale data centers, which use 50 or more megawatts of power to operate. During the pause, New York will develop a regulatory framework for assessing how these behemoths project projects affect the environment. Maybe we could have, you know, done that regulatory framework before allowing these big tech corporate vampires to run rampant, stealing your water, poisoning your land, air and soil all over this country. Maybe we could have thought of that first. I digress. Let's listen to Hochul on why she flip-flopped. She was okay in allowing these AI data centers and now she has flip-flopped. Let's hear from her on why. So why issue this executive order now? What has happened is the scale of projects. These companies have decided that they would sort of flood the zone. All over America, they're putting in more and more applications, you know, taxing local resources in terms of, you know, small towns in particular that have to go through the review process and not sure how much they can get in community benefits and how much power should they be using. And I said, why don't we step back and let the state take control here where this moratorium, as you mentioned, first in the nation, simply says, New York doesn't just want to be first. We want to be the first to get it right. And what that entails is ensuring that these companies, these huge hyperscalers, will make sure that they cover their own costs for power. Either bring your own power or pay a premium to use the grid because I already have a shortage of power for the existing businesses and our hardworking New Yorkers who are paying through the nose in utility bills. I can't say they're going to be charged more because of the existence of these companies. They have to pay their fair share. Plus, I want the communities to benefit in significant ways with investments. And I want them also, these companies, to contribute to a larger fund that'll help us support grid reinvestment. So we're going to do it in a smart way and we just need a little time to do it. Credit to her, but got to ask, why do you prioritize big tech paying their fair share but you won't agree to Mayor Zoran Mamdani trying to push the rest of the corporate vampires in the state of New York to actually pay their taxes and increase taxes on corporations, on the wealthy? She's against that because billionaires will flee, which is bullshit. But she suddenly says that the big tech companies dumping these AI data centers on communities need to pay their fair share. Seems to be a bit of an inconsistency there. I would look to the calendar in November and her reelection for the basis and the motivation behind this inconsistency. But there's so many examples around the country of how destructive these AI data centers are. Here's just one. This is in Georgia where it recently came out that a AI data center literally drained 30 million gallons, 30 million gallons of water unnoticed until residents complained about low water pressures. Residents of Fayetteville, Georgia noticed low water pressure last year. The utility discovered two unaccounted for water connections at one of the nation's largest data center campuses. But that's just one example, folks. I mean, there's outlets, including More Perfect Union, credit to them that have done reporting specifically on data centers all over this country that have been essentially gouging, stealing people's waters, local residents, particularly in rural areas, their wells running dry, their water pressure going away, their water being contaminated, not to mention in South Memphis, Elon Musk, without permits. Wonder how that happened. Wonder who and how much he gave money to in the city of South Memphis to the politicians. His gas turbines around his super grok AI, whatever it's called, data center in South Memphis was pumping poisonous gas into the community where residents were saying, it smells like my stove outside and people are sick in the community. Animals have been made sick because of these data centers, not to mention the noise complaints because these are very loud all day and night and people's homes and land are being stolen from them via eminent domain for these data centers, which are really of no use other than to power more chat GBT, open AI, AI memes, AI videos. We're not curing cancer anytime soon with AI, folks. Sorry to tell you. Is all AI bad? No, not all AI is bad, but the benefits do not outweigh the damages being done in communities all over the country. And we are seeing a bipartisan revolt on the left and the right against these AI data centers that are poisoning communities and are not actually providing anything of substance to improve people's lives. And oh, by the way, the cat's out of the bag now. Most of these companies that poured, I mean, we're talking hundreds of billions of dollars into AI are now realizing, oh, oops, we're not getting the return. This is from CNBC who ultimately admitted, yeah, the demand for AI is kind of falling off a cliff as companies realize we don't really need AI for things that humans could just do easier easily and we're actually saving money keeping the humans doing it. Let me play this clip. The concern is that some of their largest enterprise customers are starting to rein in token spending and overall AI spend. And while that's expected to continue, folks are gonna spend on AI, but one person told me what is absolutely hitting a peak, at least according to Darren Kamara, he's the CEO of AI Squared. He says the peak here is using the most expensive models for simpler tasks within organizations. As he put it, employees don't need these powerful models on the market to write emails. So the pressure is coming from all sides here. You have big tech as part of this, venture capital analyst Harrison Rolfe over at PitchBook told me, big tech is actually the biggest threat to OpenAI and Anthropic. He described it as the ability to, quote, stiff arm these companies on price. You got Microsoft, Google, Amazon, all offering cheaper models while also helping their enterprise clients route to some of the less expensive options out there. Executives I've been talking to over at Anthropic and OpenAI are very much aware of this pricing pressure when you talk to them. They're thinking more about how to adjust to this current backdrop. I spoke to Diane Penn at Anthropic recently. She told me she is hearing about this price sensitivity from clients. Price sensitivity, let me translate that to you for those in the back. We've spent our ---- ton of money, in some cases, hundreds of millions of dollars and the revenue is not there in the short term. This from Forbes. AI isn't paying off the way companies think. Layoffs driven by automation are failing to generate returns. Study finds the ongoing dialogue regarding the ever-imminent displacement of white-collar workers by AI is predicated on the assumption that the technology will become as skilled as the very workers it threatens to displace, thereby cutting labor costs. But a new study found that's not quite what's playing out in many companies that have carried out AI-related layoffs. A survey of 350 global business executives with an annual revenue of at least 1 billion by the research and advisory firm Gartner found that many have reduced their workforce irrespective of AI adoption. While 80% of those surveyed who have piloted an AI or autonomous technology have reported workforce reductions, the businesses cut jobs due to automation regardless of whether the technology was actually generating returns. Quote, looking only at layoffs is short-sighted in terms of getting value from AI. Helen Poitvin, VP analyst at Gartner and a key researcher of the study told Fortune, chasing value only through headcount reduction is likely to lead most organizations down a path of limited returns. Gee, you don't say. Here is from a Bloomberg reporter. The AI bubble is by far the biggest stock market bubble that mankind has ever seen, both in scale and scope in terms of the leverage that's in there and in terms of the sheer excessive exuberance that's driven valuations. And here's just one kind of measurement. AI is way ahead of prior boom-bust cycles, including the dot-com bubble, the roaring 20s and the America's railway mania during the 1800s. Look at that, folks. Look at AI compared to all those that preceded it. Another way of putting this, here's the difference in these bubbles. Dot-com left fiber, railway left tracks, 1929 left nothing and we got a Great Depression. AI leaves nothing but empty buildings, the data centers. GPUs are worthless if you can't afford to run them and they age like milk. And if you need one more thing, remember that movie, The Big Short? That was where Christian Bale played Michael Burry. Michael Burry was the brilliant investor who predicted the 2008 financial crash, essentially two or three years earlier. Well, he's betting against AI. Michael Burry disclosed new short positions, which means betting against certain companies, against NVIDIA, Tesla and a couple others. This tweet about that, Big Short guy don't **** around. This is a full bet against data centers and Musk's ability to keep his mythology afloat. I concur, the whole thing is topping out and the bottom is a historically long way down. Putting aside the destructive effects for these companies and the workers who have been displaced, what about the destructive effects on so-called democracy? Nobody voted for AI data centers to be dumped on their communities across this country. There was no vote. I don't remember Trump saying he was going to do that. So where is the democracy? Companies just get to essentially steal your land via eminent domain, put in these big mega data centers, the equivalent of Amazon warehouses, plop it right in the middle of your community without permits, put gas turbines, build adjoining power plants to power the data centers, poison your air, your water, your soil, poison your residents with no actual benefit to you. And oh, by the way, your electric bills are going to go up. That's democracy? No, that sounds like crony, sociopathic capitalism. Not a big Kathy Hochul fan, but I'll give her credit. Good on her to call this moratorium. Now it's up to activists to make it permanent and to make this spread to other states and demand Democrats who want to run for president, Congress, Senate, they sign on to permanently stopping these data centers unless there's going to be real regulation, which this is the United Corporations of America. So I doubt it. Please support Status Quo, our investigative reporting. Right now we're on the ground in Maine, covering the ICE protest there after ICE killed yet another, yet another human being who didn't need to be killed. It was an execution. And oh, by the way, he was the wrong guy. They weren't even targeting him. Statusquo.com slash join. Thank you for your support.