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Comment by xvxvx | Hacker News Reader

‘A Guardian investigation last month revealed many of these were “phantom investments” and a supercomputer scheduled to go live in 2026 was this March still a scaffolding yard in Essex. That supercomputer was to be built by Nscale, a UK firm that had never built a datacentre before but said it was aiming to deliver the project in 2027. Nscale was also to build key datacentres for Stargate UK.’

Guys… it’s an obvious scam. Has everyone lost their damn mind?

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There are so, so many naked scams right now which are still being hyped by Big Names, it boggles my mind. Substrate is an obvious scam, data centers in space are an obvious scam, it goes on and on. But they all have famous names insisting with a straight face that these should be taken seriously. It feels like psychological warfare against intelligent people.

totally agree. the economy is completely vibes-based now.

I was naive for ever thinking the Tether stable coin scam would actually implode

Quantum is a scam. It's embarrassing to see it being peddled as the next big thing, with public companies being valued in the billions. For technology that does not exist in any useful sense.

Losing your mind is so last brexit. We've superscaled it to losing everyones mind!

Yes they have lost their damn mind.

Im convinced many who are actually intelligent have just lost their damn mind from too much exposure to LLMs. And it shouldnt be surprising - we already know the effects of mindless doom scrolling.

Very few have the discipline to prevent being sucked in.

Reminds me of Foxconn's "$10 billion" factory investments in Wisconsin in 2017 that turned out to be just another tax dodge. In 2022, the investment amount and jobs created estimates were reduced by more than 90%.

https://www.cnbc.com/2021/04/21/foxconn-mostly-abandons-10-b...

OpenAI pulling out investment after their local partner fails to meet milestones is a scam?

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