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The AI Industry Is Lying to You

wheresyoured.at

March 24, 2026

47 min read

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55/100

Summary

The AI industry faces scrutiny for exaggerated claims about capabilities and market potential. Concerns are raised regarding the financial practices of major players like NVIDIA, Anthropic, and OpenAI, contributing to perceptions of an AI bubble.

Key Takeaways

Only 33% of announced US data centers are currently under active development, with the remainder in various planning stages.
58% of committed power for data centers is allocated to "wires-only utilities," meaning these facilities must secure their own power generation.
The total announced pipeline for US data centers is 241 GW, but much of it is speculative, relying on unbuilt power sources.
The regional grid operator PJM has made power commitments to data centers at three times the rate of new generation capacity being added.

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Community Sentiment

Mixed

Positives

The emergence of models like Sonnet 3.5 has been transformative for developers, showcasing the potential of AI to revolutionize coding practices.
Opus 4.5 has instilled a sense of belief in the exponential growth of AI capabilities, indicating a shift in perception among skeptics.

Concerns

The article raises serious concerns about the sustainability of AI datacenters, questioning whether the power grid can support the massive energy demands of the industry.
There is a lack of industry pushback regarding the environmental impact of AI datacenters, which contrasts sharply with the scrutiny faced by electric vehicle infrastructure.
Funding for AI projects appears misguided, as many lack the foresight to consider the energy constraints and financial viability of their operations.