You could call that excess capital as easily as a labour shortage. Or a shortage of training pipelines in an irresponsible industry.
When GM realized they needed more mechanical engineers than existed, they built a whole university. These days, capital just whines. If you can spend $100 BILLION on data centers, you have the budget to stand up a proper school.
> If you can spend $100 BILLION on data centers, you have the budget to stand up a proper school.
This is an excellent point. Georgia Tech, a top 10 computer science university, has an annual budget of $2.7 billion (2024) for the entire university to educate an enrollment of 53,000 students. Really puts it into perspective; this is 1% of Google's annual expenses.
> If you can spend $100 BILLION on data centers, you have the budget to stand up a proper school.
That is a good point. Odd that our reactions, including my own given that I think the AI data center boom is pretty nuts, to that much being spent on data centers is "not surprising" while a company standing up a school sounds like something from science fiction.
It was normal for large firms to build schools. All the big 5 accounting consultancies had a month or two of residential boot camp. Toyota built a school. GM too. When you’re that big, you can make your own weather.
When GM realized they needed more mechanical engineers than existed, they built a whole university. These days, capital just whines. If you can spend $100 BILLION on data centers, you have the budget to stand up a proper school.