Ed Zitron: AI industry earns just $22B against a trillion spent, no dotcom-style recovery
examachine · x · 2026-08-30
Ed Zitron argues there will be no post-dotcom-bubble recovery for AI: the internet had underlying real demand, while demand for generative AI is predominantly subsidized and most users don't pay the real cost. He cites that outside OpenAI and Anthropic, all of AI barely sells $22 billion against a trillion dollars spent. He calls it the largest, most disingenuous marketing campaign in history, propped up by Microsoft, the apex predator of cloud software. The poster adds a personal, dismissive take claiming true AGI tech will profit while LLMs fail.
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