The Hater's Guide To The AI Bubble, Pt. 1
Better Offline
Cool Zone Media and iHeartPodcasts
4.6 • 688 Ratings
🗓️ 23 July 2025
⏱️ 36 minutes
🧾️ Download transcript
Summary
In part one of this week's three-part Better Offline, Ed Zitron walks you through how the US stock market rests on the back of GPU sales, and how a lack of any real business returns spells doom for the AI bubble long-term.
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Transcript
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| 0:00.0 | This is an I-Heart podcast. |
| 0:02.5 | Guaranteed human. |
| 0:06.7 | Quarzo Media. |
| 0:08.9 | Hello and welcome to Better Offline. |
| 0:10.8 | I'm your host at Zittron. |
| 0:25.4 | Check out the episode notes. |
| 0:28.5 | Got a wonderful merchandise and completely separate to the podcast. |
| 0:29.5 | Got a wonderful newsletter. |
| 0:33.2 | Where's your ed dot at with the premium section that I would love you to subscribe to? |
| 0:35.8 | But I also got some good news. |
| 0:38.6 | You've got another three-part episode, the second of the year. |
| 0:44.3 | And this week we're going to be talking about how the cracks in the generative AI market are becoming harder to ignore and how recent events are making a collapse seem all the more inevitable, what that means for the wider economy, really the markets and you. |
| 0:51.7 | And I want to make that case because as a journalist, I believe I have the duty to give |
| 0:56.0 | you the information you need to make sense of a world increasingly feeling incomprehensible. |
| 1:01.3 | And of course, detached from reality, and where everything is consequential to everyone, |
| 1:05.2 | where it's impossible for ordinary people to shroud themselves from the consequences of |
| 1:08.9 | decisions made by the executive and shareholder class. |
| 1:12.5 | Good journalism is making sure that history is actively captured and appropriately described and assessed, |
| 1:17.5 | and it's accurate to describe things as they currently are as alarming. And boy howdy am I alarmed. |
| 1:23.9 | Now alarm is not a state of weakness or belligerence of myopia. My concern does not dull my vision, even though it's convenient to frame me as somehow alarmist, like I have some hidden agenda or bias toward doom. I profoundly dislike the financial waste, the environmental destruction, and fundamentally, I dislike the attempt to gaslight people into swearing feal to a sickly and frail pseudo-industry |
| 1:45.5 | where everybody but invidia and consultancies lose money. And I also dislike the fact that I and |
| 1:51.3 | others like me are held to a remarkably different standard to those that paint themselves as |
... |
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