Why AI Has No ROI with Paul Kedrosky
Better Offline
Cool Zone Media and iHeartPodcasts
4.6 • 687 Ratings
🗓️ 3 June 2026
⏱️ 47 minutes
🧾️ Download transcript
Summary
In this week’s Better Offline, Ed Zitron is joined by economist Paul Kedrosky to talk about why nobody can find the ROI of AI, why there won’t be a Dot Com Bubble-style recovery for AI data centers, and how Google’s $80bn equity sale shows we’re at the top.
https://paulkedrosky.com/
The Nick, Dick and Paul Show: https://www.youtube.com/channel/UCFbDiETo29GTIjg6Lk4imig
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Transcript
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| 0:00.0 | This is an IHeart podcast. Guaranteed human. |
| 0:06.6 | Quarzone Media. |
| 0:09.4 | Greetums. I'm Ed Zittron and this is Better Offline. Today we are joined by the mighty |
| 0:22.4 | Today we are joined by the mighty economist Paul Kodroski. |
| 0:27.8 | Paul, thank you for joining me. |
| 0:29.9 | Hey, Ed, how's it going? |
| 0:31.5 | It's going great. |
| 0:32.6 | Everyone's deeply upset because this week and the last week, everyone has been saying, huh, does AI have a return on investment? |
| 0:42.4 | And it's, I've really been enjoying it because it's like watching the dinosaurs look up and see the meteor. |
| 0:49.3 | They're just like, what do you mean? |
| 0:52.4 | What do you mean this costs money? |
| 0:55.9 | I don't know if you've seen the GitHub co-pilot stuff. Yeah, I actually put out a thing on it yesterday. Oh, I'm sorry, Paul, terribly rude |
| 1:02.1 | to me. You know me. I've got all sorts of crap on, so I haven't read it yet, but I'm excited |
| 1:07.8 | to talk about this. I'm really excited. |
| 1:13.2 | It's really, and not only that, I mean, |
| 1:16.6 | I'll sort of triangulate with three different things that touched on different aspects of this at the same time. |
| 1:19.1 | One was obviously the GitHub co-pilot study, |
| 1:21.9 | which we can get into as deeply as you want. |
| 1:24.0 | There was also a piece that came out, |
| 1:26.1 | in part from the Peterson Institute |
| 1:27.8 | for International Economics. Yesterday, the day before, Jack Cook or a Clark at Anthropics |
| 1:35.7 | set it around, who is obviously one of the co-founders there, and it's called Where Is AI and |
... |
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