Illustration by Tag Hartman-Simkins / Futurism. Source: Getty Images In August, the founder of hedge fund Praetorian Capital Harris “Kuppy” Kupperman penned an essay on the absurd finances behind AI data centers. While the tech industry has likened data centers — or more specifically, the expensive semiconductor chips that power them — as the “shovels” of the AI gold rush, Kupperman’s napkin math found that AI data centers have an impossibly short runway to achieve profitability. In short, this ...