#edzitron — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #edzitron, aggregated by home.social.
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"Why did these companies never seem to get blamed for hiring and then quickly firing tens of thousands of people? Because at the heart of the business media and the markets, workers were necessary casualties of the eternal struggle for growth. Layoffs are inevitably reported as a large number (“10,000 employees at Microsoft”), which makes it all too easy to remove the human element."
#EdZitron, 2023
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"Why did these companies never seem to get blamed for hiring and then quickly firing tens of thousands of people? Because at the heart of the business media and the markets, workers were necessary casualties of the eternal struggle for growth. Layoffs are inevitably reported as a large number (“10,000 employees at Microsoft”), which makes it all too easy to remove the human element."
#EdZitron, 2023
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Continuing with my Ed Zitron binge ...
"At the center of everything I’ve written for the last few months (if not the last few years), sits a cancerous problem with the fabric of how capital is deployed in modern business. Public and private investors, along with the markets themselves, have become entirely decoupled from the concept of what “good” business truly is, focusing on one metric — one truly noxious metric — over all else: growth."
#EdZitron, 2023
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Continuing with my Ed Zitron binge ...
"At the center of everything I’ve written for the last few months (if not the last few years), sits a cancerous problem with the fabric of how capital is deployed in modern business. Public and private investors, along with the markets themselves, have become entirely decoupled from the concept of what “good” business truly is, focusing on one metric — one truly noxious metric — over all else: growth."
#EdZitron, 2023
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This sums up exactly the predatory extraction mentality that's driving the digital tech industry;
"... in March 2010 ... Ben Horowitz [said that] 'startup purgatory' is when you 'don't go bankrupt, but you fail to build the number one product in the space' and have 'zero chance of becoming a high-growth company', which Horowitz describes as 'worse than startup hell' because you're 'stuck with the small company', even if it's cash-flow positive."
#EdZitron, 2024
https://www.wheresyoured.at/rotcombubble/
(1/2)
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This sums up exactly the predatory extraction mentality that's driving the digital tech industry;
"... in March 2010 ... Ben Horowitz [said that] 'startup purgatory' is when you 'don't go bankrupt, but you fail to build the number one product in the space' and have 'zero chance of becoming a high-growth company', which Horowitz describes as 'worse than startup hell' because you're 'stuck with the small company', even if it's cash-flow positive."
#EdZitron, 2024
https://www.wheresyoured.at/rotcombubble/
(1/2)
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"However 'useful' AI coding tools may be — and it’s genuinely hard to tell! — is immaterial to the larger point that they’re very, very, very expensive to use, that most of those costs are either hidden from the user or subsidized by employers, and that despite all the fucking noise, they are yet to substantively replace or even enhance human beings outside of the loudest and most annoying people on Twitter. "
#EdZitron, 2026
https://www.wheresyoured.at/the-more-you-buy-the-more-you-lose/
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"However 'useful' AI coding tools may be — and it’s genuinely hard to tell! — is immaterial to the larger point that they’re very, very, very expensive to use, that most of those costs are either hidden from the user or subsidized by employers, and that despite all the fucking noise, they are yet to substantively replace or even enhance human beings outside of the loudest and most annoying people on Twitter. "
#EdZitron, 2026
https://www.wheresyoured.at/the-more-you-buy-the-more-you-lose/
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"To give you a sense of how memory hungry AI is, a single 72-GPU GB300 NVL72 AI server has over 20 terabytes of high-bandwidth memory (used almost exclusively in GPUs and other AI chips), and 17 terabytes of the LPDDR5X RAM used in mobile devices, and a gigawatt data center has thousands of those NVL72 servers (or something similar)."
#EdZitron, 2026
https://www.wheresyoured.at/the-more-you-buy-the-more-you-lose/
(1/2)
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"To give you a sense of how memory hungry AI is, a single 72-GPU GB300 NVL72 AI server has over 20 terabytes of high-bandwidth memory (used almost exclusively in GPUs and other AI chips), and 17 terabytes of the LPDDR5X RAM used in mobile devices, and a gigawatt data center has thousands of those NVL72 servers (or something similar)."
#EdZitron, 2026
https://www.wheresyoured.at/the-more-you-buy-the-more-you-lose/
(1/2)
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Following earnings this week that saw tech giants like Microsoft and Amazon report aggressive AI spending plans, EZ Primary Research CEO Ed Zitron gives his more skeptical take on the industry. (8 min)
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Following earnings this week that saw tech giants like Microsoft and Amazon report aggressive AI spending plans, EZ Primary Research CEO Ed Zitron gives his more skeptical take on the industry. (8 min)
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Folks, in my opinion (as some rando on teh internets), generative Ai is a money-pit that is going to take down the world's economies before the end of 2030.
How do I know?
Ed Zitron told me so:
"AI, as it stands, is an exercise in kayfabe — a thing people are taking seriously because the rich and powerful are saying they have to and a media ecosystem built to celebrate them says that you need to."
The Ai industry is now raising the industrial quantities of dollars it needs to continue its circular financing through bonds that are sinking to junk levels.
Demand does not exist at levels needed to produce revenue needed to justify continued investment.
Act accordingly.,
https://www.wheresyoured.at/the-more-you-buy-the-more-you-lose/?ref=ed-zitrons-wheres-your-ed-at-newsletter
#GenerativeAi #Economy #EdZitron -
Folks, in my opinion (as some rando on teh internets), generative Ai is a money-pit that is going to take down the world's economies before the end of 2030.
How do I know?
Ed Zitron told me so:
"AI, as it stands, is an exercise in kayfabe — a thing people are taking seriously because the rich and powerful are saying they have to and a media ecosystem built to celebrate them says that you need to."
The Ai industry is now raising the industrial quantities of dollars it needs to continue its circular financing through bonds that are sinking to junk levels.
Demand does not exist at levels needed to produce revenue needed to justify continued investment.
Act accordingly.,
https://www.wheresyoured.at/the-more-you-buy-the-more-you-lose/?ref=ed-zitrons-wheres-your-ed-at-newsletter
#GenerativeAi #Economy #EdZitron -
Apple Will ‘Watch Everything Burn’ When AI Bubble Bursts – Ed Zitron
Memory prices have doubled, Macs and iPads have gone up, and iPhones are expected to follow. Ed Zitron…
#NewsBeep #News #Artificialintelligence #AI #ArtificialIntelligence #EdZitron #Featured #Technology #UK #UnitedKingdom
https://www.newsbeep.com/uk/713923/ -
Apple Will ‘Watch Everything Burn’ When AI Bubble Bursts – Ed Zitron
Memory prices have doubled, Macs and iPads have gone up, and iPhones are expected to follow. Ed Zitron…
#NewsBeep #News #Artificialintelligence #AI #ArtificialIntelligence #EdZitron #Featured #Technology #UK #UnitedKingdom
https://www.newsbeep.com/uk/713923/ -
... as Ed goes on to predict;
"NVIDIA’s continual circular funding of neoclouds and anyone who wants to buy NVIDIA GPUs continues only as a marketing function, and an attempt to conjure up the illusion of insatiable demand for AI compute. These deals are acts of desperation themselves, and tacit admissions that without NVIDIA, none of these neoclouds would exist — though, to be clear, Jensen Huang has quite literally said this on camera."
#EdZitron, 2026
https://www.wheresyoured.at/the-subprime-data-center-crisis/
(3/3)
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... as Ed goes on to predict;
"NVIDIA’s continual circular funding of neoclouds and anyone who wants to buy NVIDIA GPUs continues only as a marketing function, and an attempt to conjure up the illusion of insatiable demand for AI compute. These deals are acts of desperation themselves, and tacit admissions that without NVIDIA, none of these neoclouds would exist — though, to be clear, Jensen Huang has quite literally said this on camera."
#EdZitron, 2026
https://www.wheresyoured.at/the-subprime-data-center-crisis/
(3/3)
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"... data centers (which are taking 18-36 months to complete) will start turning on, which will require them to start having paying customers at a scale that the market can’t actually support ... it’s much more likely that the collapse of the subprime data center bubble will happen in fits and starts as capacity comes online and, assuming Anthropic and OpenAI don’t swoop in, goes unused."
#EdZitron, 2026
https://www.wheresyoured.at/the-subprime-data-center-crisis/
(1/?)
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"... data centers (which are taking 18-36 months to complete) will start turning on, which will require them to start having paying customers at a scale that the market can’t actually support ... it’s much more likely that the collapse of the subprime data center bubble will happen in fits and starts as capacity comes online and, assuming Anthropic and OpenAI don’t swoop in, goes unused."
#EdZitron, 2026
https://www.wheresyoured.at/the-subprime-data-center-crisis/
(1/?)
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"The scenario I’m talking about is one where the vast majority of AI data centers go unused, and because the vast majority of data centers are paid out of customer revenues, 80% or more of the funds invested in AI data center debt will be lost."
#EdZitron, 2026
https://www.wheresyoured.at/the-subprime-data-center-crisis/
(1/2)
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"The scenario I’m talking about is one where the vast majority of AI data centers go unused, and because the vast majority of data centers are paid out of customer revenues, 80% or more of the funds invested in AI data center debt will be lost."
#EdZitron, 2026
https://www.wheresyoured.at/the-subprime-data-center-crisis/
(1/2)
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"Put simply, every time somebody builds a data center, they form a completely separate entity that owns the chips, owns the debt, and, in many cases, owns most of the risk. These SPVs only pay out to their creditors in the event that customer revenue flows in, which means that they are dependent both on the speed of construction of said data centers and their customers’ ability to pay."
#EdZitron, 2026
https://www.wheresyoured.at/the-subprime-data-center-crisis/
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"Put simply, every time somebody builds a data center, they form a completely separate entity that owns the chips, owns the debt, and, in many cases, owns most of the risk. These SPVs only pay out to their creditors in the event that customer revenue flows in, which means that they are dependent both on the speed of construction of said data centers and their customers’ ability to pay."
#EdZitron, 2026
https://www.wheresyoured.at/the-subprime-data-center-crisis/
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I’m sure this is more or less the sort of thing that #EdZitron has been reporting about, perhaps this leads to some actual realisation in the money class of the insanity that is the AI bubble?
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I’m sure this is more or less the sort of thing that #EdZitron has been reporting about, perhaps this leads to some actual realisation in the money class of the insanity that is the AI bubble?
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This is a long post from Ed Zitron on the financial state of the AI industry and how the math just isn't mathing. A lot of the current AI architectures and use cases being explored (like Loop Engineering) only make sense if tokens are practically free. Even with the current, very modest, price increases we're already past the madness of tokenmaxxing and if token costs keep going up, the economics of AI stop making sense in many cases.
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This is a long post from Ed Zitron on the financial state of the AI industry and how the math just isn't mathing. A lot of the current AI architectures and use cases being explored (like Loop Engineering) only make sense if tokens are practically free. Even with the current, very modest, price increases we're already past the madness of tokenmaxxing and if token costs keep going up, the economics of AI stop making sense in many cases.
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Giant amounts of Vera Rubins? Who is going to buy them Jensen? Are you going to give more money to failing AI companies to buy them from you in what is totally not circular financing? What about the large numbers of Blackwells still sitting in warehouses because datacenters aren't being completed fast enough or even at all, will the Vera Rubins join them in waiting for 'warm shells' to put them in Jensen? #AI #bubble #nvidia #EdZitron
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Giant amounts of Vera Rubins? Who is going to buy them Jensen? Are you going to give more money to failing AI companies to buy them from you in what is totally not circular financing? What about the large numbers of Blackwells still sitting in warehouses because datacenters aren't being completed fast enough or even at all, will the Vera Rubins join them in waiting for 'warm shells' to put them in Jensen? #AI #bubble #nvidia #EdZitron
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"There are people who have developed a genuine hostility toward those who do not immediately accept a for-profit entity as their lord and savior. This is a sickness within the tech industry that must be put to an end."
#EdZitron, 2026
https://www.wheresyoured.at/let-ai-burn/
Not just within the tech industry @edzitron, this has been a widespread problem for decades. If anything, I think there's more healthy scepticism of Business Idiots now, and I hope it's not wishful thinking to say that it's growing.
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"There are people who have developed a genuine hostility toward those who do not immediately accept a for-profit entity as their lord and savior. This is a sickness within the tech industry that must be put to an end."
#EdZitron, 2026
https://www.wheresyoured.at/let-ai-burn/
Not just within the tech industry @edzitron, this has been a widespread problem for decades. If anything, I think there's more healthy scepticism of Business Idiots now, and I hope it's not wishful thinking to say that it's growing.
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Continuing with my #EdZitron binge;
"The vast, vast majority of AI compute demand is from services provided to people either for free or sold at such a massive discount that it’s impossible that anyone on a $20 or $200-a-month plan could even afford these services had they paid their actual token cost. To paraphrase Cory Doctorow, your demand is based on selling $40 for a dollar. That’s not a real business, nor is that organic demand."
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Continuing with my #EdZitron binge;
"The vast, vast majority of AI compute demand is from services provided to people either for free or sold at such a massive discount that it’s impossible that anyone on a $20 or $200-a-month plan could even afford these services had they paid their actual token cost. To paraphrase Cory Doctorow, your demand is based on selling $40 for a dollar. That’s not a real business, nor is that organic demand."
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"Finally, companies need to go above and beyond for their workers if they expect them to do so for the company.”
#EdZitron, 2026
https://www.wheresyoured.at/quiet-quitting-and-the-death-of-office/
(1/3)
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"Finally, companies need to go above and beyond for their workers if they expect them to do so for the company.”
#EdZitron, 2026
https://www.wheresyoured.at/quiet-quitting-and-the-death-of-office/
(1/3)
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”If you frame this as something being done to a boss or manager, you inherently assume that they have been fair and reasonable in their requests and expectations. Without interrogating what it is they are asking and what it is they are offering in return, you are acting as a willing stooge for the executive sect, reinforcing power structures that help enrich the already-wealthy."
#EdZitron, 2026
https://www.wheresyoured.at/quiet-quitting-and-the-death-of-office/
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”If you frame this as something being done to a boss or manager, you inherently assume that they have been fair and reasonable in their requests and expectations. Without interrogating what it is they are asking and what it is they are offering in return, you are acting as a willing stooge for the executive sect, reinforcing power structures that help enrich the already-wealthy."
#EdZitron, 2026
https://www.wheresyoured.at/quiet-quitting-and-the-death-of-office/
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"... every single state in America has at-will employment other than Motana, meaning you can be fired at any time for any reason (including “no reason.”
#EdZitron, 2026
https://www.wheresyoured.at/quiet-quitting-and-the-death-of-office/
Holy shit. That means US workers effectively have to keep their bosses happy at all times, all of them, or risk being unable to stay housed. That's horrific. NZ bosses have only managed to get 3 months of that as a "trial" period at the start of a job.
(1/2)
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"... every single state in America has at-will employment other than Motana, meaning you can be fired at any time for any reason (including “no reason.”
#EdZitron, 2026
https://www.wheresyoured.at/quiet-quitting-and-the-death-of-office/
Holy shit. That means US workers effectively have to keep their bosses happy at all times, all of them, or risk being unable to stay housed. That's horrific. NZ bosses have only managed to get 3 months of that as a "trial" period at the start of a job.
(1/2)
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"We live in a system of iniquity, dominated by people that do not interact with the real world who have created an entire system run by their fellow Business Idiots. The Rot Economy’s growth-at-all-costs mania is a symptom of the grander problem of shareholder supremacy, and the single-minded economic focus on shareholder value inevitably ends at an economy run by and for Business Idiots."
#EdZitron, 2025
https://www.wheresyoured.at/the-era-of-the-business-idiot/
(1/2)
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"We live in a system of iniquity, dominated by people that do not interact with the real world who have created an entire system run by their fellow Business Idiots. The Rot Economy’s growth-at-all-costs mania is a symptom of the grander problem of shareholder supremacy, and the single-minded economic focus on shareholder value inevitably ends at an economy run by and for Business Idiots."
#EdZitron, 2025
https://www.wheresyoured.at/the-era-of-the-business-idiot/
(1/2)
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"Perhaps it's Cal State University Chanceller Mildred Garcia, who claimed that giving everybody a ChatGPT subscription would 'elevate...students' educational experience across all fields of study, empower [its] faculty's teaching and research, and help provide the highly educated workforce that will drive California's future AI-driven economy' ..."
#EdZitron, 2025
https://www.wheresyoured.at/the-era-of-the-business-idiot/
(1/2)
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"Perhaps it's Cal State University Chanceller Mildred Garcia, who claimed that giving everybody a ChatGPT subscription would 'elevate...students' educational experience across all fields of study, empower [its] faculty's teaching and research, and help provide the highly educated workforce that will drive California's future AI-driven economy' ..."
#EdZitron, 2025
https://www.wheresyoured.at/the-era-of-the-business-idiot/
(1/2)
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"The modern executive is symbolic, and the media has — due to the large amount of Business Idiots running these outlets and middle managers stuffed into the editorial class — been trained to never ask difficult questions, such as 'what the fuck are you talking about, Bill?' or even the humble 'what does that mean?' or 'how would you do that?' or saying 'I'm not sure I understand, would you mind explaining?'"
#EdZitron, 2025
https://www.wheresyoured.at/the-era-of-the-business-idiot/
(1/2)
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"The modern executive is symbolic, and the media has — due to the large amount of Business Idiots running these outlets and middle managers stuffed into the editorial class — been trained to never ask difficult questions, such as 'what the fuck are you talking about, Bill?' or even the humble 'what does that mean?' or 'how would you do that?' or saying 'I'm not sure I understand, would you mind explaining?'"
#EdZitron, 2025
https://www.wheresyoured.at/the-era-of-the-business-idiot/
(1/2)
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"Decades of neoliberalism has incentivized their rise, because when you incentivize society to become management — to 'manage or run a company' rather than do something for a reason or purpose — you are incentivizing a kind of corporate narcissism, one that bleeds into whatever field the person goes into, be it public or private."
#EdZitron, 2025
https://www.wheresyoured.at/the-era-of-the-business-idiot/
(1/3)
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"Decades of neoliberalism has incentivized their rise, because when you incentivize society to become management — to 'manage or run a company' rather than do something for a reason or purpose — you are incentivizing a kind of corporate narcissism, one that bleeds into whatever field the person goes into, be it public or private."
#EdZitron, 2025
https://www.wheresyoured.at/the-era-of-the-business-idiot/
(1/3)
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#WOW... #EdZitron explains #OpenAI's leaked financials...
ZITRON WARNS OF AI BUST: It Doesn't Work!... #OMG...Big Tech Is Out Of #Hypergrowth Ideas...
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#WOW... #EdZitron explains #OpenAI's leaked financials...
ZITRON WARNS OF AI BUST: It Doesn't Work!... #OMG...Big Tech Is Out Of #Hypergrowth Ideas...
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“[T]he AI industry is very different to the financial industry. It is inessential to the economy, and its relevance is only as large as the hype campaign that sits behind it.” https://www.wheresyoured.at/let-ai-burn/ #EdZitron #AntiAI
