4.8 • 4.1K Ratings
🗓️ 21 November 2025
⏱️ 44 minutes
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| 0:00.0 | The |
| 0:07.0 | The This is search engine. |
| 0:27.0 | I'm PJ Vote. |
| 0:28.9 | Lately, the canniest 15-year-olds I know are putting all of their allowance towards buying fractions of invidia stock. |
| 0:36.5 | It only goes up, they tell me, with the wisdom of people |
| 0:39.5 | who have finally figured everything out in life. My teenage investment advisors inform me that |
| 0:44.6 | it keeps going up because the AI companies have promised that one day soon will reach a kind of |
| 0:49.6 | machine superintelligence that, among other things, justifies these vast oceans of investment. |
| 0:56.9 | It's funny, I do actually believe AI is a very useful, certainly socially transformative |
| 1:02.0 | technology for bad and for good. I believe that. And I also believe that we're probably in a bubble. |
| 1:10.4 | Because a bubble would just mean that once again, |
| 1:12.5 | investors have gotten a little too excited |
| 1:14.3 | about a genuinely promising new technology. |
| 1:17.4 | The sheer fortunes being spent on AI |
| 1:20.0 | already are so large, |
| 1:21.9 | it's hard to find the right precedence to compare to. |
| 1:25.0 | The 90s tech bubble, |
| 1:26.6 | the 1800s railroad bubble. And what we know is that the size |
| 1:31.0 | of the bet means we're all to some degree in this. Whether this pays off or crashes or lands in |
| 1:36.9 | between, the AI bet is one of the big stories of our time. But as big as it is, it can also |
| 1:44.0 | feel abstract. And so a reporter here wanted to go |
| 1:47.3 | see it, visit the most prominent real-world manifestations of all this money, the data centers, |
... |
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