Ed Zitron Claims Everyone Has Been Sold a Lie on AI
"Everyone Has Been Sold a Lie" on AI
Following aggressive AI spending plans from Microsoft and Amazon, Ed Zitron of EZ Primary Research challenges the market's optimism. He argues that investors are misled into believing massive capital expenditure supports diverse AI demand, whereas the reality suggests a different, less promising narrative for companies like OpenAI and Anthropic.
Everyone is buying into these stocks because they believe all of that CapEx is going towards diverse and spread out AI demand, when in fact, what it's really doing is something entirely different.
- ikidd
I don't think Zitron has been right about anything in the last 5 years. But he talks a good talk.
- tolugenius
I don't fully agree with Zitron on all his points but it's very hard to disprove the larger points will somehow resolve themselves. One point that I think will determine the future, moreso with data centers, is politics. Laws are not unchangeable and making decisions that determine the next 5-10 years of action based on the current law is a recipe for disaster. "Buying" a politician still has to account for the fact they can be voted out.
- sublinear
Even if we don't consider economics, the reason "AI" has not increased white collar productivity is because it's not necessary for knowledge work beyond aggregating information for research. Knowledge work has always been a lot more arguing than "doing".
Google was already the default option for this, and Google Gemini is a genuine improvement for Google Search. Google (and Apple) have sidestepped all the drama by just improving their existing products. Sometimes that's the right call in the shorter term, and this is one of those times.
- periodjet
Only a person who does no actual work could hold this opinion.
- jxy6
The chimp brain cant handle unpredictability for too long. Just keep pushing people into unpredictable situations or specifically try getting someone to say I dont know constantly. Beyond a point story generation starts, to feel sane within an "I dont know" reality.
Truth is things are unpredictable. Predictability of anything hasnt increased.
Stories/Lies exist for cope. Cause of chimp brain dynamics responding to unpredictability.