1 00:00:03,160 --> 00:00:07,720 Speaker 1: Media, hell On, Welcome to a very special Thanksgiving monologue. 2 00:00:08,039 --> 00:00:19,520 Speaker 1: I'm your host ed Zetron and well, this one's about you, 3 00:00:19,560 --> 00:00:21,720 Speaker 1: and it's about thanking you for the last year or 4 00:00:21,800 --> 00:00:24,439 Speaker 1: two and saying that this show really does mean a 5 00:00:24,480 --> 00:00:26,840 Speaker 1: lot to me, perhaps more than it should, and this 6 00:00:26,960 --> 00:00:29,479 Speaker 1: journey has become oddly personal in that the show has 7 00:00:29,480 --> 00:00:32,519 Speaker 1: allowed me to explore this kind of complex relationship I 8 00:00:32,560 --> 00:00:36,479 Speaker 1: have with technology, the industry, the media, my peers, my 9 00:00:36,560 --> 00:00:40,280 Speaker 1: own identity, which all sounds a bit much, I realized, 10 00:00:40,320 --> 00:00:42,360 Speaker 1: but I mean it's sincerely and I think at this 11 00:00:42,479 --> 00:00:45,320 Speaker 1: point you've kind of worked out that's my whole bag. 12 00:00:45,760 --> 00:00:49,320 Speaker 1: And I recognize that I still sound congested. Sophie made 13 00:00:49,360 --> 00:00:51,800 Speaker 1: it very clear this is all I'm doing this week. 14 00:00:51,840 --> 00:00:54,360 Speaker 1: I've got to recover, and I will recover a promise. 15 00:00:55,040 --> 00:00:57,120 Speaker 1: But I wanted to say that our humanity is what 16 00:00:57,200 --> 00:00:59,720 Speaker 1: makes us different from the machines, and that's what makes 17 00:00:59,760 --> 00:01:03,360 Speaker 1: this sho is special. And I'm endlessly grateful for the 18 00:01:03,440 --> 00:01:06,680 Speaker 1: hundreds of thousands of human beings who listen to or 19 00:01:06,760 --> 00:01:09,520 Speaker 1: read my work every month. I love hearing from you. 20 00:01:09,920 --> 00:01:14,080 Speaker 1: I'm so grateful for your generosity, your intellectual interest in 21 00:01:14,120 --> 00:01:16,880 Speaker 1: my work and in many cases great empathy and capacity 22 00:01:16,920 --> 00:01:20,520 Speaker 1: for good and the conclusion of the AI bubble. I 23 00:01:20,520 --> 00:01:22,640 Speaker 1: think it's going to be a referendum on the status 24 00:01:22,720 --> 00:01:26,120 Speaker 1: quote were stress test of the tech industry's largest firms 25 00:01:26,120 --> 00:01:30,959 Speaker 1: and collective intellect and honestly imagination. Either I'm wrong and 26 00:01:31,000 --> 00:01:34,000 Speaker 1: the growth trains suddenly sprout smoke and AI or Microsoft 27 00:01:34,080 --> 00:01:36,959 Speaker 1: or anthropic, or I'm right, and hundreds of billions of 28 00:01:37,000 --> 00:01:40,960 Speaker 1: dollars got burned on unprofitable software and even less profitable hardware. 29 00:01:41,720 --> 00:01:44,320 Speaker 1: While I've complained in the past about feeling alone in this, 30 00:01:45,280 --> 00:01:47,319 Speaker 1: I never really have been, and you've all kind of 31 00:01:47,319 --> 00:01:49,760 Speaker 1: made me realize that. From the early days of my 32 00:01:49,800 --> 00:01:52,120 Speaker 1: newsletter and better offline, many of you have been calling 33 00:01:52,120 --> 00:01:55,400 Speaker 1: bullshit on AI too in my comments and emails on 34 00:01:55,440 --> 00:01:58,880 Speaker 1: the Reddit, and a lot of you are honestly not 35 00:01:59,000 --> 00:02:01,280 Speaker 1: far from where I am as far as my breadth 36 00:02:01,320 --> 00:02:04,080 Speaker 1: of knowledge. I hope I'm helpful in educating you, But 37 00:02:04,160 --> 00:02:06,600 Speaker 1: already so many of you see with clarity what the 38 00:02:06,600 --> 00:02:08,840 Speaker 1: stakes are and how to pierce the thick layers of 39 00:02:08,880 --> 00:02:12,400 Speaker 1: financial bullshit. And you all know we're at this point. 40 00:02:12,440 --> 00:02:15,480 Speaker 1: We're basically living in a paradox every day we look 41 00:02:15,520 --> 00:02:18,600 Speaker 1: at the stock market, it's either red or slightly green. 42 00:02:19,120 --> 00:02:22,799 Speaker 1: Everyone's kind of worried. Everyone still posting these headlines both 43 00:02:22,800 --> 00:02:25,160 Speaker 1: about being in an AI bubble and also in the 44 00:02:25,200 --> 00:02:29,280 Speaker 1: midst of the greatest technological revolution since whatever half asked 45 00:02:29,320 --> 00:02:32,239 Speaker 1: comparison people are even making these days. They're not even 46 00:02:32,320 --> 00:02:35,600 Speaker 1: really fucking bothering, are they, And everybody is still trying 47 00:02:35,639 --> 00:02:38,120 Speaker 1: to avoid looking at open AI, which is the financial 48 00:02:38,160 --> 00:02:40,880 Speaker 1: equivalent of a man walking a tight rope across lava 49 00:02:41,040 --> 00:02:44,720 Speaker 1: while begging a crowd of people to throw rocks at him. Yeah, 50 00:02:44,880 --> 00:02:47,960 Speaker 1: one point four trillion dollars worth of compute deals in 51 00:02:48,000 --> 00:02:51,280 Speaker 1: the space of five years. Should all be fine, Sammy, 52 00:02:51,639 --> 00:02:53,560 Speaker 1: You're still welcome to come on the show. By the way, 53 00:02:53,600 --> 00:02:56,960 Speaker 1: you pr person, stop fucking responding to me. Very rude, 54 00:02:57,480 --> 00:03:01,760 Speaker 1: very rude. But look, you the listener, if you feel 55 00:03:01,760 --> 00:03:04,360 Speaker 1: insane at the moment, it's because all of this is insane. 56 00:03:04,760 --> 00:03:09,560 Speaker 1: Open AI plans to burn escalating multiple billion dollars. The 57 00:03:09,680 --> 00:03:12,480 Speaker 1: revenues that appear based on the episode I put out 58 00:03:12,480 --> 00:03:15,839 Speaker 1: a few weeks ago, well they appear a little questionable, 59 00:03:17,040 --> 00:03:19,280 Speaker 1: and whatever open AI actually makes at this point is 60 00:03:19,360 --> 00:03:21,680 Speaker 1: up for debate, which I think is reasonable and should 61 00:03:21,680 --> 00:03:25,000 Speaker 1: have happened earlier. And even now, I still have people 62 00:03:25,040 --> 00:03:27,880 Speaker 1: getting in touch with me saying, oh, perhaps the numbers 63 00:03:27,919 --> 00:03:31,720 Speaker 1: are delayed. Perhaps it's this, perhaps this, it's not it's 64 00:03:31,760 --> 00:03:35,080 Speaker 1: a cruel accounting. I believe it's called. Those numbers were 65 00:03:35,200 --> 00:03:38,080 Speaker 1: correct to the quarters I had them in. It's time 66 00:03:38,120 --> 00:03:41,680 Speaker 1: to start accepting where we are. It's time to accept 67 00:03:42,200 --> 00:03:45,280 Speaker 1: that things are not going well and that this bubble 68 00:03:45,320 --> 00:03:49,000 Speaker 1: will burst. It's probably going to be the most egregious 69 00:03:49,080 --> 00:03:52,000 Speaker 1: I told you so in history. But I don't have 70 00:03:52,080 --> 00:03:55,000 Speaker 1: to do that. I told you so alone. I'm not 71 00:03:55,640 --> 00:03:58,960 Speaker 1: doing it alone. You're coming with me. And today I 72 00:03:59,040 --> 00:04:02,160 Speaker 1: celebrate you, the listener, and I'm thankful for you for 73 00:04:02,200 --> 00:04:05,000 Speaker 1: trusting me the many times I've asked you to when 74 00:04:05,080 --> 00:04:07,760 Speaker 1: doing so was not really in line with the market consensus. 75 00:04:07,840 --> 00:04:11,000 Speaker 1: Early on in this show, people they said I was mad. 76 00:04:11,160 --> 00:04:15,720 Speaker 1: Would a mad person laugh like this? Aha? Anyway? Seriously, though, 77 00:04:16,480 --> 00:04:18,960 Speaker 1: so many of you stuck by me early on, even 78 00:04:19,040 --> 00:04:22,039 Speaker 1: when the entirety of the media kind of did. And 79 00:04:22,080 --> 00:04:24,000 Speaker 1: I'm not saying everyone was against me or anything. I'm 80 00:04:24,000 --> 00:04:26,760 Speaker 1: not that kind of person other than the fact I'm 81 00:04:26,800 --> 00:04:31,120 Speaker 1: literally the single most punished person ever. But in all seriousness, 82 00:04:31,839 --> 00:04:34,359 Speaker 1: you've all been there with me too. You've given me 83 00:04:34,400 --> 00:04:37,600 Speaker 1: your time every week, and you're generous with your time too, 84 00:04:37,640 --> 00:04:40,279 Speaker 1: your energy and your focus too. So many of you 85 00:04:40,680 --> 00:04:43,040 Speaker 1: are showing up on Blue Sky and read it an email, 86 00:04:43,279 --> 00:04:46,800 Speaker 1: and you're picking up stuff very, very fast. There are 87 00:04:46,920 --> 00:04:49,039 Speaker 1: members of the media who don't get things that some 88 00:04:49,240 --> 00:04:52,640 Speaker 1: Rando's emailing me get. Some of you are picking up 89 00:04:52,680 --> 00:04:55,320 Speaker 1: some nuanced corporate accounting that took me a lot longer 90 00:04:55,640 --> 00:04:57,800 Speaker 1: to get out there. So I could not be more 91 00:04:58,120 --> 00:05:00,719 Speaker 1: proud of you, and I could not see the show 92 00:05:00,760 --> 00:05:04,720 Speaker 1: is any more powerful, because look, what actually changes the 93 00:05:04,760 --> 00:05:09,080 Speaker 1: world is regular people talking about stuff. En Mass. I 94 00:05:09,080 --> 00:05:12,240 Speaker 1: can have whoever successful a podcast I want. I can have, 95 00:05:12,320 --> 00:05:15,800 Speaker 1: however many subscribers. But ultimately, if there is just a 96 00:05:15,839 --> 00:05:18,000 Speaker 1: gluttony of people who can look at this bullshit and 97 00:05:18,040 --> 00:05:20,840 Speaker 1: see it for what it is, I think that changes 98 00:05:20,839 --> 00:05:22,800 Speaker 1: the world. And you are part of that too. And 99 00:05:22,880 --> 00:05:25,719 Speaker 1: the distance between my knowledge and your own is minuscule. 100 00:05:26,600 --> 00:05:28,960 Speaker 1: You are the ones that will make the difference. So 101 00:05:29,040 --> 00:05:33,120 Speaker 1: tell everybody everything you know. Don't worry about giving me credit. 102 00:05:33,200 --> 00:05:36,760 Speaker 1: I don't give a shit. I really don't what I 103 00:05:36,800 --> 00:05:38,680 Speaker 1: give a shit about is you knowing more and making 104 00:05:38,720 --> 00:05:41,880 Speaker 1: better decisions as a result. An early piece of feedback 105 00:05:41,880 --> 00:05:43,280 Speaker 1: of God was never to tell you how to feel, 106 00:05:43,320 --> 00:05:44,640 Speaker 1: and I won't, but I'll tell you what I know 107 00:05:44,720 --> 00:05:47,560 Speaker 1: and why I feel that way. And I feel very 108 00:05:47,640 --> 00:05:50,960 Speaker 1: lucky to have so many of you listening. And the 109 00:05:51,040 --> 00:05:52,280 Speaker 1: end of the year is going to be a more 110 00:05:52,360 --> 00:05:54,200 Speaker 1: chill thing. I think I'm going to come up with 111 00:05:54,240 --> 00:05:57,240 Speaker 1: a nice two part or maybe a three parter. I 112 00:05:57,240 --> 00:05:59,600 Speaker 1: have something brewing, I'm still not sure what it is. 113 00:06:00,120 --> 00:06:02,799 Speaker 1: Going to have some cool ones about Steam with Steve 114 00:06:02,839 --> 00:06:05,600 Speaker 1: Berg from Gamers Nexus. He's been an amazing guy up 115 00:06:05,640 --> 00:06:08,159 Speaker 1: on the show what twice already. This's three to cry. 116 00:06:08,320 --> 00:06:10,680 Speaker 1: It's so cool. I get to talk to cool people 117 00:06:10,760 --> 00:06:13,960 Speaker 1: I admire and in that vein. I also have Nathan 118 00:06:14,000 --> 00:06:15,960 Speaker 1: Grayson from Aftermath coming on as well in the next 119 00:06:15,960 --> 00:06:19,480 Speaker 1: few weeks. A lot to look forward to. And thank 120 00:06:19,520 --> 00:06:22,440 Speaker 1: you for the many emails I've got about me being sick. 121 00:06:22,720 --> 00:06:25,640 Speaker 1: I really do appreciate you looking out for me. I'm 122 00:06:25,880 --> 00:06:28,880 Speaker 1: taking care of myself. I have wonderful people close to me, 123 00:06:28,920 --> 00:06:30,680 Speaker 1: a gover friend who took care of me as well, 124 00:06:30,680 --> 00:06:34,279 Speaker 1: and I mean, it's been really nice. My world feels 125 00:06:34,279 --> 00:06:36,960 Speaker 1: a lot warmer and larger than it did a year ago, 126 00:06:37,040 --> 00:06:39,680 Speaker 1: and I'm just very grateful for what I have. I 127 00:06:39,720 --> 00:06:42,839 Speaker 1: don't know what happened next. Happen next, Jesus Christ not 128 00:06:42,960 --> 00:06:46,039 Speaker 1: editing it, Matthew anyway, I don't know what happens next. 129 00:06:46,720 --> 00:06:50,719 Speaker 1: But I do know that there are many, many, many more, 130 00:06:50,839 --> 00:06:53,600 Speaker 1: hundreds of thousands of people who are capable of actually 131 00:06:53,680 --> 00:06:57,479 Speaker 1: understanding what's going to happen next. And I can't wait 132 00:06:57,520 --> 00:06:59,960 Speaker 1: to tell you. I'm so lucky to do this show. 133 00:07:00,480 --> 00:07:03,080 Speaker 1: I'm lucky to have an amazing producer in Mattasowski, and 134 00:07:03,120 --> 00:07:06,320 Speaker 1: an editor and Matt Hughes, to have Sophie and Robert 135 00:07:06,360 --> 00:07:09,880 Speaker 1: supporting me on the cool Zone media side. It's really 136 00:07:09,880 --> 00:07:13,920 Speaker 1: cool doing this show. Have a great Thanksgiving, have a 137 00:07:13,960 --> 00:07:16,520 Speaker 1: great rest of the week. All back to our regular 138 00:07:16,560 --> 00:07:20,160 Speaker 1: bits next week. I'm Edzie Trump. Thank you for listening.