The railroad buildout was a lot more, idk, tangible. Most of that money was spent employing millions of people to smelt iron, lay track, build bridges, blow up mountains, etc. It’s a lot more exciting than a few freight loads of overpriced GPUs.
Also a good point - railroads for sure brought a lot more optimism.
LLMs+Data centres on the other hand...
Also a good point - railroads for sure brought a lot more optimism.
LLMs+Data centres on the other hand...