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Decided to pull out an important part of the interview. Generative AI is often justified with comparisons to the cost of Amazon Web Services ($57bn) or Uber's ($32bn) in losses, when its costs and losses are hundreds of billions of dollars worse. And there's no post-bubble redemption story.
5d
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Ed Zitron
Anthropic and OpenAI are dangerous and unsustainable companies that shouldn’t be taken public. The AI bubble is a con and retail investors are the marks. AI doesn’t have ROI, it’s nothing like AWS or Uber, and it’s got no post-bubble recovery story. www.youtube.com/watch?v=zbKD...
7d
Ed Zitron
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YouTube video by Bloomberg Podcasts
Anthopic, OpenAI Should Not Be Allowed to IPO, Says Ed Zitron
Going on Bloomberg between 4:07 to 4:18pm ET to talk about how AI has no ROI and the greater AI bubble www.youtube.com/live/f39oHo6...
7d
YouTube video by Bloomberg Podcasts
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Bloomberg Live: Business, Finance, Earnings & Investment News | Watch 7AM - 6PM ET Weekdays
Ed Zitron