Are A.I. Data Centers a Sure Thing or the Next Real Estate Bubble? - NYT:

“It’s not like building condos in Miami,” the company’s president, Jonathan Gray, said in a Bloomberg interview in January, noting that Blackstone starts building only once it has a locked-in tenant.

And if that tenant goes belly up because it’s ChatGPT wrapper fails to corner the kitty litter market (or whatever the fuck)? When the VC money well dries?