Love Ed Zitron. Especially his podcast is great. All “AI” sceptics should give it a listen.
this post was submitted on 10 Oct 2025
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He's so dramatic with his language that I assumed he was fudging the facts a little, but the more I've looked into it myself I'm realizing he's honest he's just really dramatic about it.
I do wonder how this will all come crashing down, and which company will be left standing.
It seems pretty clear all of these promises of building "gigawatt datacentres" are wishful thinking and can't be realized in the next few years. By then, the money will surely have run out, right?
But of course OpenAI uses gas turbines and fracking to squeeze out as much power as they can. Despicable.
Honestly the fact that Bitcoin is still going despite having no connection to anything physical genuinely makes me wonder about how connected these stock prices are to reality.
I think Nvidia and AMD will survive. Sure, their market to sell shovels to is going to collapse, but they're not hundreds of billions of dollars in the hole. They're just shovel sellers.
Apple is only spending what it can afford and hasn't bet the house on it.
Microsoft, Twitter and Meta are dead men walking IMHO.
Any AI startup company is dust.
The bubble can keep going for longer than we imagine... since the big 7 can keep doing their Hollywood or bear poop accounting, and the US government isn't going to cry foul as long as they can keep up the charade that the economy is doing just fine.
If you want me to make an unqualified crystal ball prediction, as soon as the 2026 midterms are over, if it's not rigged and Dems make any gains at all, institutional finance will get worried they'll be called out on their games causing it all to crash.
There could be several dominoes that trigger a sequence leading to the end of the bubble but for now it's an unstable equilibrium as billionaires, the US gov all are happy to benefit off of vapid AI hype.
Hype is a limitless resource, hype leads to infusion of investor money, but investor money isn't (well yes and no in the case of the US Fed).
We're in the selling tulip contracts phase so there's still money to be made in the mania but it's anyone's guess as to how long.