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Ed Zitron

@edzitron.com

British, But In Las Vegas and NYC ezitron.76 Sig Newsletter - wheresyoured.at https://linktr.ee/betteroffline - podcast w/ iheartradio Chosen by god, perfected by science CEO at EZPR.com

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Ed Zitron@edzitron.com · 23h ago

Analysts estimate that 70%+ of Microsoft, Google and Amazon's present and future AI revenues are from Anthropic and OpenAI's compute spend and model sales. Outside of two unsustainable AI labs, demand barely exists, and they've massively overbuilt capacity. www.wheresyoured.at/the-ai-deman...

The AI Demand Bubble

If you liked this piece, you should subscribe to my premium newsletter. It’s $70 a year, or $7 a month, and in return you get a weekly newsletter that’s usually anywhere from 5,000 to 18,000 words, in...

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Ed Zitron@edzitron.com · 23h ago

Analysts estimate that 70%+ of Microsoft, Google and Amazon's present and future AI revenues are from Anthropic and OpenAI's compute spend and model sales. Outside of two unsustainable AI labs, demand barely exists, and they've massively overbuilt capacity. www.wheresyoured.at/the-ai-deman...

The AI Demand Bubble

If you liked this piece, you should subscribe to my premium newsletter. It’s $70 a year, or $7 a month, and in return you get a weekly newsletter that’s usually anywhere from 5,000 to 18,000 words, in...

wheresyoured.at

Ed Zitron@edzitron.com · 2d ago

Someone on here recommended being way more picky with what card rewards to take in Slay The Spire 2 and it really helped. Thank you whoever you are

Ed Zitron@edzitron.com · 2d ago

Here's the full second segment I did with Bloomberg last week, talking about the circular AI economy, SpaceX and how AI is a gratuitous display of wealth inequality. www.youtube.com/watch?v=C0Gc...

Zitron On Bloomberg on why people are anti-AI, SpaceX and OpenAI’s worrying price cuts

YouTube video by Ed Zitron

youtube.com

Ed Zitron@edzitron.com · 4d ago

One of the (many) reasons I think people are so anti-AI is that it’s a gratuitous display of wealth inequality. The average person’s life is difficult, expensive, and getting any kind of loan sucks - unless you’re raising billions of dollars to build an AI data center.

Ed Zitron@edzitron.com · 2d ago

Dropbox another product I used to love that's just fundamentally broken now, trying to sync a single PDF from one computer and put it on another, but for whatever reason it does not want to. This is not a solicitation for tech support or alternatives, they all suck ass

Ed Zitron@edzitron.com · 4d ago

One of the (many) reasons I think people are so anti-AI is that it’s a gratuitous display of wealth inequality. The average person’s life is difficult, expensive, and getting any kind of loan sucks - unless you’re raising billions of dollars to build an AI data center.

Ed Zitron@edzitron.com · 5d ago

Was awesome to join Bloomberg to talk about the lie of AI - everyone's buying into the mag7 believing CapEx is going towards diverse AI demand, when all it's really doing is supporting the circular cloud revenues of two unprofitable, unsustainable AI labs. www.youtube.com/watch?v=pHcZ...

Ed Zitron@edzitron.com · 3d ago

Slay The Spire 2's keyboard controls are just completely broken. I get that the game's in early access but it is astonishingly dumb that you apparently need to carry a controller everywhere unless you want to use a trackpad

Ed Zitron@edzitron.com · 5d ago

Premium Newsletter: AI is becoming way too expensive. The 190GW of planned data centers need between $1.62 trillion and $2.92 trillion in annual compute demand that doesn't exist - and every new data center costs way more than the last. www.wheresyoured.at/premium-ai-is-getting-way-too-expensive/

Premium: AI Is Getting Way Too Expensive

A great deal of the discussion of the so-called benefits or problems with AI comes down to the theoretical jobs that are (or are not) lost as a result of things LLMs can (or cannot do), or the equally...

wheresyoured.at

Ed Zitron@edzitron.com · 4d ago

One of the (many) reasons I think people are so anti-AI is that it’s a gratuitous display of wealth inequality. The average person’s life is difficult, expensive, and getting any kind of loan sucks - unless you’re raising billions of dollars to build an AI data center.

Ed Zitron@edzitron.com · 5d ago

Was awesome to join Bloomberg to talk about the lie of AI - everyone's buying into the mag7 believing CapEx is going towards diverse AI demand, when all it's really doing is supporting the circular cloud revenues of two unprofitable, unsustainable AI labs. www.youtube.com/watch?v=pHcZ...

Ed Zitron@edzitron.com · 5d ago

Per UBS, OpenAI and Anthropic will account for 27% of Google Cloud's 2026 revenue and more than 48% of 2027's. Investors are being sold a story about diverse AI demand that is simply not true - hyperscalers spent a trillion dollars to feed money back to themselves and pretend it's real growth.

Ed Zitron@edzitron.com · 5d ago

Was awesome to join Bloomberg to talk about the lie of AI - everyone's buying into the mag7 believing CapEx is going towards diverse AI demand, when all it's really doing is supporting the circular cloud revenues of two unprofitable, unsustainable AI labs. www.youtube.com/watch?v=pHcZ...

Ed Zitron@edzitron.com · 5d ago

Per UBS, OpenAI and Anthropic will account for 27% of Google Cloud's 2026 revenue and more than 48% of 2027's. Investors are being sold a story about diverse AI demand that is simply not true - hyperscalers spent a trillion dollars to feed money back to themselves and pretend it's real growth.

Ed Zitron@edzitron.com · 5d ago

Was awesome to join Bloomberg to talk about the lie of AI - everyone's buying into the mag7 believing CapEx is going towards diverse AI demand, when all it's really doing is supporting the circular cloud revenues of two unprofitable, unsustainable AI labs. www.youtube.com/watch?v=pHcZ...

Ed Zitron@edzitron.com · 5d ago

I can theoretically see how they came to many of the conclusions I came to and wrote tens of thousands of words about months ago in this piece on their own, but it's a little surprising to see the Times write something so similar to a piece I wrote two weeks ago www.wheresyoured.at/the-openai-b...

Oracle’s annual report in June trumpeted the success of its move into A.I. and assured investors that its cloud business was still growing and that its strong cash flow would be sufficient to cover its obligations. But the report also nodded to the precariousness of its situation. The company noted that it could not guarantee that it would be able to manage its outstanding debt, which had now grown to $130 billion. It warned that its customers might not be able to pay for its services and said the regulatory environment might change, which could jeopardize its business with China. In July, S&P Global Ratings downgraded Oracle’s credit rating. Its debt was now just one notch above junk level. If it is downgraded once more, Oracle will become what’s known on Wall Street as a “fallen angel,” which would drive up its borrowing costs even further while shrinking its pool of potential lenders. As a result of that, S&P Global downgraded Oracle’s credit rating to BBB/A-2, the literal lowest level before it’ll become junk-grade, meaning that one more downgrade (though it would have to be from two ratings agencies) from here would risk Oracle becoming a “fallen angel,” with investment funds (that can’t hold junk grade debt) having to jettison its debt from indexes, as happened to Ford in March 2020, leading to over $35 billion in debt being dumped and its borrowing costs skyrocketing to between 8.5% and 9.625% when it raised in April 2020. For some context, Ford reported an average interest rate of 5.2% on its long term debt in its 2019 annual report.
Carl Quintanilla@carlquintanilla.bsky.social · 5d ago

Three-byline alert: 🚨 “.. a year and a half after his triumphant trip to the White House, Ellison may be poised to become something else: a cautionary tale. .. Ellison is personally worth .. $200 billion less than he was at his peak ..” @nytimes.com $ORCL www.nytimes.com/2026/07/31/m...

Ed Zitron@edzitron.com · 5d ago

Premium Newsletter: AI is becoming way too expensive. The 190GW of planned data centers need between $1.62 trillion and $2.92 trillion in annual compute demand that doesn't exist - and every new data center costs way more than the last. www.wheresyoured.at/premium-ai-is-getting-way-too-expensive/

Premium: AI Is Getting Way Too Expensive

A great deal of the discussion of the so-called benefits or problems with AI comes down to the theoretical jobs that are (or are not) lost as a result of things LLMs can (or cannot do), or the equally...

wheresyoured.at

Ed Zitron@edzitron.com · 7d ago

Here's my interview with CNBC on how Zuckerberg's vacuous talking points about AGI and open source exist to distract from how Meta burned $180bn in capex (and more off-balance-sheet) to make also-ran LLMs that don't deliver an iota of the promise of "personal superintelligence."

Ed Zitron@edzitron.com · 7d ago

Here's my interview with CNBC on how Zuckerberg's vacuous talking points about AGI and open source exist to distract from how Meta burned $180bn in capex (and more off-balance-sheet) to make also-ran LLMs that don't deliver an iota of the promise of "personal superintelligence."

Ed Zitron@edzitron.com · last wk.

Free newsletter: The more you buy, the more you lose. Hyperscalers are trapped in a vicious cycle where the more AI data centers they build, the more expensive GPUs - and the debt to buy them - become, and debt markets are becoming exhausted. www.wheresyoured.at/the-more-you-buy-the-more-you-lose/

The More You Buy, The More You Lose

If you liked this piece, you should subscribe to my premium newsletter. It’s $70 a year, or $7 a month, and in return you get a weekly newsletter that’s usually anywhere from 5,000 to 18,000 words, in...

wheresyoured.at