Cory Doctorow

speaker

525 appearances 1 recordings 1 series first heard Jul 2026 last heard 31 Jul

Cory Doctorow’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

Appearances

newest first · ▶ plays the moment

On the Media · F@#$ the AI Overlords · 31 Jul 2026 podcast

Let's just like run the numbers again.

Trillion dollars in expenditure this year, over $1.4 trillion total, $50 billion revenue.

Seven companies, the magnificent seven, that are 35% of the S&P 500, six of them lose money on AI, and the seventh one makes money from the other six.

Is that NVIDIA?

That's NVIDIA, yeah.

They're all passing around the same $100 billion IOU really fast and pretending it's in all of their bank accounts at once.

And the assets depreciate really quickly.

So they amortize those data centers and the GPUs in them over five years.

They actually replace them every two to three years.

And, like, the replacement's pretty intense.

GPUs, data centers, well, and the AI that runs on them, right?

They're saying that these things are going to last about five years.

And the reason that matters is if you spend a trillion dollars on stuff that's only going to last five years, then in five years, you're going to need another trillion dollars if you want to stay in business, right, at least.

So NVIDIA is actually doing some pretty amazing things with new generations of chips every year.

And one of the ways they're getting such performance out of these chips every year is they're throwing away one of the principles that normally constrains new technology manufacturers, which is backwards compatibility.

So these new chips, they've like really different heat dissipation, networking, power consumption, and often you can't put them in the same building.

you need to basically tear the data center down to the foundation slab and build another one for the next generation of chips.

These are not durable assets in this model.

A third of the stock market, their assets depreciating every three years, they're spending a trillion a year, they're making 50 billion a year.

And there is this bedrock of finance that is called Stein's Law that says that anything that can't go on forever eventually stops.

Showing 221–240 of 525 · page 12 of 27