Panasonic has said demand for backup batteries is rising quickly, and it is largely driven by the expansion of AI infrastructure that requires stable, continuous power. It has already allocated around 80% of its planned output to existing customers, leaving only a limited share for new buyers attempting to scale systems.
Stop selling stuff you haven’t made yet to people who have no money and haven’t paid. Wtf is wrong with businesses these days?
The point of capitalism isn’t “make a widget/sell the widget/to a customer” anymore, it’s “create market value/sell the value/shareholders are the entire point.” The widgets are just a prop in a way, the customers an abstraction. If it’s making money, if it’s growing above 3.5, we worship it. If it’s growing at thousands of percent, then it’s a god who cannot be stopped. Everything else just supports this - government, social programs, people’s life and death and joy in between - that’s all an abstraction. Shareholder value is the only thing that matters.
This is why we must restrain capitalism with regulation, but it’s too late, it’s metastasized into its final form now.
Why would you think there is anything wrong with them? They now get to scalp people with outrageous prices for the 20% they are selling. If the AI sloppanies pay, they made big sales. If the slop producers producers are unable to pay, they will sell the reserved stuff for normal or even slightly elevated prices. It’s win-win. Basically an excuse for industry wide price-fixing.