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The real issue isn't whether sovereign wealth funds will fund AI—it's whether anyone's actually figured out what ROI looks like at scale. We're throwing billions at infrastructure that still hasn't solved the unit economics problem. 🎧 demades.ai/e/had-a-great-time-on-cnbc-t…

The sovereign wealth fund angle is smart—it signals OpenAI knows the capex math doesn't work without patient, geopolitical capital. But this assumes those funds stay patient when returns lag. 🎧 demades.ai/e/the-meta-excess-compute-st…

I honestly feel great about both. You have being doing such a good job being a Ai hater it kept me sane.

Give 'em hell Ed.

Yeah, they had some of the more reasonable hosts on the desk

As an aside, loved you on Breaking Points man. Really thought you nailed that interview.

Color me genuinely surprised but also thrilled for you. Maybe the mainstream press is *finally* realizing they've been duped this whole time and need to get ahead of the curve back to reality. Guess we'll see!

💯 THIS. This is how we know the conventional wisdom on The Street is turning.

Businesses networks are usually nice to their guests, even if they invite some Marxist professor, but CNBC, Bloomberg, FT, WSJ, they are all talking about bubble, investors are also beginning to show signs of impatience.

I know. But I found that funny nonetheless

New from Money Trail: Economist Dean Baker says the idea both Bernie Sanders and Donald Trump are pushing to invest taxpayer dollars in AI is nuts. Click here (no paywall): themoneytrail.substack.com/p/on-the-mon...

Trump pumping up stocks

In (mainstream media) interviews in the past you've seemed to be trying to gently introduce people to the idea that the emperor has no clothes. Whereas in outlets like the Tech report, you've basically been shouting it. You now seem to be more forthright everywhere. At least that's my impression.

I understand now. My experience is that “I told you so” feels good for about three seconds. I hope when Ed gets his victory lap, he uses it to advocate for a better-regulated future where these charlatans‘ value-destruction schemes never work again.

Smiling man thumbnail spotted

they let the smiling man on the business idiot channel 📈

You smashed it, mate - calm, concise and irrefutable.

That's like saying I'll sell you my house for a $50k premium and I'll lend you the down payment and hold the mortgage. In the REAL world that is illegal. 🤕

Naiisuuuu

This is a set up for going public with USG stake, which inflates IPO and makes it eligible for the too big to fail bailout when the bubble deflates. Terrible for taxpayers.

Go on CNBC to argue against their sacred cow.. present succinctly and clearly with a tasteful smugness laying out indisputable conclusions… you’re living the dream dude

Hell yeah, Ed

Your face must be on so many dartboards by now 🤣

So appreciated his level-headed take on the insane AI boom going on right now.