Ed Zitron
speaker
114 appearances
1 recordings
1 series
first heard Jul 2026
last heard 22 Jul
Ed Zitron’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
I mean, kind of.
He saw a 15-20% bump.
And then fairly quickly, a reversal over the next few weeks.
This stock was always a dog, and I think anyone who didn't say that was trapped inside the Elon Musk industrial complex or just the hyperscaler reality created by the big tech firms.
Right, I mean, but there's been hype and hope for this entire sordid era.
The entire AI bubble has been about manufacturing consent for an AI industry that really has no business in existing, for LLM outcomes that don't exist, for statements about generative AI that have never actually touched reality, and for companies like OpenAI, Anthropic, and SpaceX that will never turn a profit from their AI services.
Well, I think in OpenAI's case, they lost a little under $21 billion on $13.07 billion of revenue.
These figures were confirmed by the Financial Times after I reported them.
OpenAI's costs are massively outstripping its revenues.
And yeah, I imagine that plus the kind of dwindling hopes of the SpaceX IPO have kind of made the idea of OpenAI listing kind of difficult.
OpenAI also, per the New York Times, were trying for a trillion dollar valuation.
Apparently that was going to be more difficult, by which I mean impossible, than people realized.
So I think that's why that held back.
I think Anthropic is in a weirder position because they were doing gangbusters earlier in the year, and I'd be very curious to see where their growth is going.
But fundamentally, the story about AI has moved from this kind of dreamlike hysteria.
Suddenly we've gone from everybody saying that AI is the next big thing to saying things along the lines of, well, you know, we can't spend too much on that.
I think we're all coming to the realization that the actual outcomes from AI, the actual ROI from AI, just isn't there.
Maybe it never was.
And the problem here is that...
Nobody wants to really have the gruesome conversation here.
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