[toast0]

> Data centers are NOT real estate. Buildings and power lines usually last 30-50 years. GPUs become obsolete in 5 years.

Data centers are real estate. One of the big players in carrier neutral data centers even calls themselves Digitial Realty.

The contents of the DC is not real estate. But neither is the an office or a house or a warehouse.

[skywhopper]

The “contents” represent the majority of the cost and meaningful functionality of what we call a “datacenter”. Those contents will not last for “real estate” debt timelines.

[chaos_emergent]

Right but their payback period is insanely short - a $5M GB200 NVL72 cluster is expected to generate $75M in revenue over 3 years for inference providers. That's a 3 month payback period.

AND - they're operating well past their estimated service lifetime.

[underlipton]

Chances they're planning on replacing personal, local compute with time-sharing on data center hardware that's too outmoded for AI...? You know, since they sunk the consumer component market for the next half-decade.