The AI Boom Looks a Lot Like the Housing Bubble: Zohran Mamdani

You've supported New York State setting a one-year pause

on data center construction.

What next? What comes after that?

I mean, what to you is the solve for this?

I think one of the solves

is a recognition of the costs that come with AI.

So much of what we are talking about

is based on a very limited amount of information

that we have, and that is by design

because when we're talking

about these incredibly powerful companies,

we also are talking about a level of opacity

that renders it almost impossible

for us to make an informed conclusion

as to how much this query

is actually costing us as a society.

You mean sort of an absence of data about energy use

and things like that,

or do you mean the idea that this technology

is sort of mythical rather than infrastructure?

I mean the former.

And I think that frankly,

there's an attempt to make this technology

seem as if it is mythical or as if it is divine.

There is a real investment.

Unknowable. Exactly.

There's an investment

in the idea that this is so complicated

that the only rational response

should be that we trust those who created it.

And in many ways, it's what Facebook was arguing in 2008,

that they should be able to regulate themselves.

And yet what we need to see

is a response that grasps the scale

of the adoption of this technology

and the incentives that are driving

a lot of this technology at this time.

And the fact that we are now at a point

where there are far too many similarities

between the housing bubble

and the state of AI in our economy today.

You worry that we're in a bubble?

Yes.

You worry that bubble's gonna pop?

Yes.

Do you trust the Sam Altmans of the world?

No.

Do you trust the Sam Altmans of the world?

I'm not the one being interviewed, but no, I don't.