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SamuelTheThird

(1,609 posts) Sun Jul 12, 2026, 03:09 AM 11 hrs ago

AI Bubble: We're headed for the first Tech Great Depression

Writer of Where’s Your Ed At and the host of the Better Offline podcast Ed Zitron joins The Tech Report’s Isaac Pound to discuss recent analysis showing the together the five largest US hyperscalers have become net cash borrowers in an attempt to fund the buildout of AI, a technology which has never been profitable.

6 replies

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AI Bubble: We're headed for the first Tech Great Depression (Original Post) SamuelTheThird 11 hrs ago OP

Exactly as Cory Doctorow has predicted. ancianita 11 hrs ago #1

I think Zitron is more on top of this than anyone else, even Doctorow paulkienitz 9 hrs ago #2

Im not sure of his take on no bail-outs though SamuelTheThird 3 hrs ago #6

Old...but not ancient Roy Rolling 8 hrs ago #3

Doubtful. 2000 level tech adjustment would be much JCMach1 5 hrs ago #4

Reminds me of a song! BannonsLiver 3 hrs ago #5

ancianita

(43,454 posts)

1. Exactly as Cory Doctorow has predicted.

Reply to SamuelTheThird (Original post)

Sun Jul 12, 2026, 03:29 AM

11 hrs ago

paulkienitz

(1,570 posts)

2. I think Zitron is more on top of this than anyone else, even Doctorow

Reply to SamuelTheThird (Original post)

Sun Jul 12, 2026, 05:33 AM

9 hrs ago

and would take his predictions as a better bet than anyone else's.

SamuelTheThird

(1,609 posts)

6. Im not sure of his take on no bail-outs though

Reply to paulkienitz (Reply #2)

Sun Jul 12, 2026, 11:24 AM

3 hrs ago

Roy Rolling

(7,774 posts)

3. Old...but not ancient

Reply to SamuelTheThird (Original post)

Sun Jul 12, 2026, 05:43 AM

8 hrs ago

I’ve experienced two speculative bubbles in my boomer lifetime. It will soon be three.

A.I. is no different. It isn’t artificial intelligence it’s imitation intelligence. Machines mimicking the mind’s ability to store and retrieve data on command.

Superior to the mind is intelligence. Intelligence is understanding the context of that data and the concept of some things being “self-evident”.

The mind is predicable, intelligence isn’t. Some geniuses have the ability to memorize things, but other savants have an ability to see relationships hidden to others—that’s the difference between mind and intelligence.