AI is probably not a bubble

AI is probably not a bubble

AI companies have revenue, demand, and paths to immense value

The AI bubble isn’t new — Karl Marx explained the mechanisms behind it nearly 150 years ago

OpenAI CEO Sam Altman’s warning of an AI bubble highlights a deeper economic problem: capitalism is producing more capital than it can profitably invest.

What Sort of AI Bubble Are We In?

Think broadband. Or, potentially, the 2008 housing market.

AI Is A Money Trap

In the last week, we’ve had no less than three different pieces asking whether the massive proliferation of data centers is a massive bubble, and though they, at times, seem to take the default position of AI’s inevitable value, they’ve begun to sour on the idea that

AI is Creating Peak Software, Media is the Best Analogy

Let's learn more about the world's most important manufactured product. Meaningful insight, timely analysis, and an occasional investment idea.

Meredith Whittaker on Twitter / X

Now that even Goldman, Sequoia, and other major investors are calling it, it's good to remember that the shakiness of the AI market, and the mismatch between capex and ROI, has been clear for a long time to those of us who look closely at the political economy of AI. https://t.co/dLLNAcW5Sn— Meredith Whittaker (@mer__edith) July 30, 2024

Timing Is Everything in the AI Bubble

This week's tech sell-off is a symptom of a deeper problem: no one knows when - or how - big tech's $1 trillion bet on AI is going to pay off.

The State Of The $1.7 Trillion AI Bubble: The End Of Thinking

Writing is thinking and thinking is understanding. Like understanding that the AI bubble has been around for a long time and that it's better to call it the data bubble.

Spending on AI Is at Epic Levels. Will It Ever Pay Off?

Tech companies are pouring hundreds of billions into data centers, taking on heavy debt, but current revenue is relatively tiny. Critics warn of a new dot-com bubble.

AI Agents Will Be The Key To Achieving ROI From AI

AI agents are emerging as a crucial type of application for enterprises looking to derive more value from their AI investments in the near term.

AI Companies Are Trying to Hide a Staggering Amount of Debt

AI companies are pouring tens of billions of dollars into enormous data centers. They're being built on top of a mountain of hidden debt.

Companies That Replaced Humans With AI Are Realizing Their Mistake

As AI agents have yet to pay for themselves, more and more executives are waking up to the sloppy reality of AI hype.

Meet Ed Zitron, AI’s original prophet of doom - Fast Company

Zitron has built a small media empire on spleen-venting rants arguing that AI is not only a bubble but a fraud—one that’s headed for a spectacular crash. What if he’s right?

Premium: What If...We're In An AI Bubble? (Part 1)

Every day I read some sort of wrongheaded extrapolation about the future of AI — that today’s models are somehow indicative of AGI creating a “permanent underclass” of people that stops people from building software companies, or really doing any kind of job on the computer: Hyperbolic? Perhaps. But even

AI Is a Product of Humanity. Humanity Should Own AI.

Big Tech has looted humanity’s creative output to create artificial intelligence. We don’t just deserve a share of AI’s profits — we deserve control over it.