Post by @fsinn@mas.to

“So on top of all of these other problems, we have this situation where hyperscalers are buying way more GPUs than they need, driving up the price of memory and thus the price of consumer electronics for everyone. On top of that, they're lying about how much capacity they have. They are trying to make everyone believe they're bringing gigawatts online when a data center can do many things.

The data centers that people hate are not the ones that do streaming. These AI data centers are completely different beasts to anything that runs anything else. These things could all disappear tomorrow and the internet would function mostly the same way, because they only exist to do AI.”

From The Weekly Show with Jon Stewart: Bursting the AI Bubble with Ed Zitron, Oct 28, 2026
https://podcasts.apple.com/ca/podcast/the-weekly-show-with-jon-stewart/id1583132133?i=1000798481844&r=3533

#JonStewart #EdZitron

Apple Podcasts

The Weekly Show with Jon Stewart

As Anthropic files for what may become the largest IPO in history, Jon is joined by Ed Zitron of EZ Primary Research, the “Where’s Your Ed At” newsletter, and the “Better Offline” podcast. Together, they break down the precarious financing str

#mustwatch #edzitron #aibubble #jonstewart #datacentres #ai

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Francisca Sinn

@fsinn@mas.to 3 hr. ago

“And when you tell people, well, they go, well, look, their revenues are going up… Fun fact, Meta increased the cost of ads. Google increased the cost of ad. Microsoft increased the cost of everything. Amazon increased the cost of, I mean, things on Amazon Web Services.

They turned the fees up on their sellers. They increased revenue through other things. But because people are saying, wow, these are the smartest guys ever.
They wouldn't spend hundreds of billions of dollars on nothing. So that growth must be coming from AI. And the growth they are seeing from AI, by the way, is from Anthropic and OpenAI spending money on compute.
And you'll never guess who funds OpenAI and Anthropic. That's right, Microsoft, Google and Amazon. And also Nvidia and Broadcom and Micron.”

From The Weekly Show with Jon Stewart: Bursting the AI Bubble with Ed Zitron, Oct 28, 2026
https://podcasts.apple.com/ca/podcast/the-weekly-show-with-jon-stewart/id1583132133?i=1000798481844&r=4129

Apple Podcasts

The Weekly Show with Jon Stewart

Francisca Sinn

@fsinn@mas.to 3 hr. ago

“So everybody's burning money on all ends of this. This is a house of cards held up by other houses of cards…

And we'll deal with this in the realm of #Anthropic …going to be valued at that, and raise like 100 billion.

They're going to be valued at that, and raise all that money. But what that does is... They've exhausted the private venture money, and now what they're saying is, oh, you know who we can get the money from now?
People.

Yep.

Just fucking people.

Just dupes. ...

This is exit liquidity.

What is exit liquidity? Tell me what that is.

… So we are sold this idea that we are investing in the future with these companies, that we're investing in the next Google, the next Meta, the next what have you.

When actually what we are is the dumping ground for venture capitalists that have invested in the company. We allow them to exit the company by selling their shares that they bought at a much lower valuation for a massive payoff. “

https://podcasts.apple.com/ca/podcast/the-weekly-show-with-jon-stewart/id1583132133?i=1000798481844&r=1908

#AI #AIBubble

Apple Podcasts

The Weekly Show with Jon Stewart

Francisca Sinn

@fsinn@mas.to 1 hr. ago

Well look at that…

https://circumstances.run/@davidgerard/117532386860821199