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What Next: TBD | Tech, power, and the future - Is the A.I. Bubble Bursting?

Slate Daily Feed

Slate

Business, News, Society & Culture

3.91.1K Ratings

🗓️ 5 September 2025

⏱️ 35 minutes

🧾️ Download transcript

Summary

We’ve been told that artificial intelligence can write, code, generate images—it can do everything…except feasibly turn a profit. But investing in A.I. has nevertheless become a pillar of the U.S. economy. Where is this leading us?


Guest: Ed Zitron, author of the newsletter Where’s Your Ed At and host of the podcast Better Offline.


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Transcript

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0:00.0

In case you were wondering, it is perfectly fine with Ed Zittron if you call him an AI hater.

0:11.4

I think so. I think considering I wrote a haters guide, and when you type Hater's Guide into Google, it's one of the top two links, the thing I wrote.

0:22.1

Ed writes the newsletter, Where's Your Ed at?

0:24.8

And has a podcast called Better Offline.

0:27.9

He's a PR guy, but for the last few years, has been really making a name for himself

0:32.2

as someone who dislikes generative AI, especially large language models.

0:38.4

They are economically not feasible.

0:40.6

They require stealing from millions of people.

0:42.6

They require burning our environment.

0:44.7

They're incredibly expensive and inefficient.

0:47.6

And also, they have now become a load-bearing part of our economy

0:51.6

without having any means of bailing out or going into the green

0:55.5

at all. It's all very dangerous. Yeah, not a fan, which is exactly why we asked him on the show.

1:04.1

And I want to be clear here, Ed doesn't hate all AI, but large language models like ChatchyT and Claude, he is out there shouting from the

1:13.3

rooftops that all that money pumped into those companies has created a giant bubble. One he

1:19.9

started warning about in 2024. Indeed, I looked across pretty much every public company talking

1:25.3

about AI. No one would talk about the revenue from AI. They kept talking about how big AI was, how important AI it was, how many things

1:32.3

AI could do, always could do, never what it did that day, but never, hey, we're making this much

1:38.6

money. And then I started reading articles about it and the quotes and all the quotes were really

1:42.7

vague too. And it became really all the quotes were really vague too.

1:49.9

And it became really obvious that we were doing this again, this being another bubble,

1:55.4

after the cryptocurrency one and the Metaverse one. But this one was more egregious and was already at that point running away. What kind of reactions did you get?

...

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