Speaker 1: Media, hell On, Welcome to a very special Thanksgiving monologue.
Speaker 1: I'm your host ed Zetron and well, this one's about you,
Speaker 1: and it's about thanking you for the last year or
Speaker 1: two and saying that this show really does mean a
Speaker 1: lot to me, perhaps more than it should, and this
Speaker 1: journey has become oddly personal in that the show has
Speaker 1: allowed me to explore this kind of complex relationship I
Speaker 1: have with technology, the industry, the media, my peers, my
Speaker 1: own identity, which all sounds a bit much, I realized,
Speaker 1: but I mean it's sincerely and I think at this
Speaker 1: point you've kind of worked out that's my whole bag.
Speaker 1: And I recognize that I still sound congested. Sophie made
Speaker 1: it very clear this is all I'm doing this week.
Speaker 1: I've got to recover, and I will recover a promise.
Speaker 1: But I wanted to say that our humanity is what
Speaker 1: makes us different from the machines, and that's what makes
Speaker 1: this sho is special. And I'm endlessly grateful for the
Speaker 1: hundreds of thousands of human beings who listen to or
Speaker 1: read my work every month. I love hearing from you.
Speaker 1: I'm so grateful for your generosity, your intellectual interest in
Speaker 1: my work and in many cases great empathy and capacity
Speaker 1: for good and the conclusion of the AI bubble. I
Speaker 1: think it's going to be a referendum on the status
Speaker 1: quote were stress test of the tech industry's largest firms
Speaker 1: and collective intellect and honestly imagination. Either I'm wrong and
Speaker 1: the growth trains suddenly sprout smoke and AI or Microsoft
Speaker 1: or anthropic, or I'm right, and hundreds of billions of
Speaker 1: dollars got burned on unprofitable software and even less profitable hardware.
Speaker 1: While I've complained in the past about feeling alone in this,
Speaker 1: I never really have been, and you've all kind of
Speaker 1: made me realize that. From the early days of my
Speaker 1: newsletter and better offline, many of you have been calling
Speaker 1: bullshit on AI too in my comments and emails on
Speaker 1: the Reddit, and a lot of you are honestly not
Speaker 1: far from where I am as far as my breadth
Speaker 1: of knowledge. I hope I'm helpful in educating you, But
Speaker 1: already so many of you see with clarity what the
Speaker 1: stakes are and how to pierce the thick layers of
Speaker 1: financial bullshit. And you all know we're at this point.
Speaker 1: We're basically living in a paradox every day we look
Speaker 1: at the stock market, it's either red or slightly green.
Speaker 1: Everyone's kind of worried. Everyone still posting these headlines both
Speaker 1: about being in an AI bubble and also in the
Speaker 1: midst of the greatest technological revolution since whatever half asked
Speaker 1: comparison people are even making these days. They're not even
Speaker 1: really fucking bothering, are they, And everybody is still trying
Speaker 1: to avoid looking at open AI, which is the financial
Speaker 1: equivalent of a man walking a tight rope across lava
Speaker 1: while begging a crowd of people to throw rocks at him. Yeah,
Speaker 1: one point four trillion dollars worth of compute deals in
Speaker 1: the space of five years. Should all be fine, Sammy,
Speaker 1: You're still welcome to come on the show. By the way,
Speaker 1: you pr person, stop fucking responding to me. Very rude,
Speaker 1: very rude. But look, you the listener, if you feel
Speaker 1: insane at the moment, it's because all of this is insane.
Speaker 1: Open AI plans to burn escalating multiple billion dollars. The
Speaker 1: revenues that appear based on the episode I put out
Speaker 1: a few weeks ago, well they appear a little questionable,
Speaker 1: and whatever open AI actually makes at this point is
Speaker 1: up for debate, which I think is reasonable and should
Speaker 1: have happened earlier. And even now, I still have people
Speaker 1: getting in touch with me saying, oh, perhaps the numbers
Speaker 1: are delayed. Perhaps it's this, perhaps this, it's not it's
Speaker 1: a cruel accounting. I believe it's called. Those numbers were
Speaker 1: correct to the quarters I had them in. It's time
Speaker 1: to start accepting where we are. It's time to accept
Speaker 1: that things are not going well and that this bubble
Speaker 1: will burst. It's probably going to be the most egregious
Speaker 1: I told you so in history. But I don't have
Speaker 1: to do that. I told you so alone. I'm not
Speaker 1: doing it alone. You're coming with me. And today I
Speaker 1: celebrate you, the listener, and I'm thankful for you for
Speaker 1: trusting me the many times I've asked you to when
Speaker 1: doing so was not really in line with the market consensus.
Speaker 1: Early on in this show, people they said I was mad.
Speaker 1: Would a mad person laugh like this? Aha? Anyway? Seriously, though,
Speaker 1: so many of you stuck by me early on, even
Speaker 1: when the entirety of the media kind of did. And
Speaker 1: I'm not saying everyone was against me or anything. I'm
Speaker 1: not that kind of person other than the fact I'm
Speaker 1: literally the single most punished person ever. But in all seriousness,
Speaker 1: you've all been there with me too. You've given me
Speaker 1: your time every week, and you're generous with your time too,
Speaker 1: your energy and your focus too. So many of you
Speaker 1: are showing up on Blue Sky and read it an email,
Speaker 1: and you're picking up stuff very, very fast. There are
Speaker 1: members of the media who don't get things that some
Speaker 1: Rando's emailing me get. Some of you are picking up
Speaker 1: some nuanced corporate accounting that took me a lot longer
Speaker 1: to get out there. So I could not be more
Speaker 1: proud of you, and I could not see the show
Speaker 1: is any more powerful, because look, what actually changes the
Speaker 1: world is regular people talking about stuff. En Mass. I
Speaker 1: can have whoever successful a podcast I want. I can have,
Speaker 1: however many subscribers. But ultimately, if there is just a
Speaker 1: gluttony of people who can look at this bullshit and
Speaker 1: see it for what it is, I think that changes
Speaker 1: the world. And you are part of that too. And
Speaker 1: the distance between my knowledge and your own is minuscule.
Speaker 1: You are the ones that will make the difference. So
Speaker 1: tell everybody everything you know. Don't worry about giving me credit.
Speaker 1: I don't give a shit. I really don't what I
Speaker 1: give a shit about is you knowing more and making
Speaker 1: better decisions as a result. An early piece of feedback
Speaker 1: of God was never to tell you how to feel,
Speaker 1: and I won't, but I'll tell you what I know
Speaker 1: and why I feel that way. And I feel very
Speaker 1: lucky to have so many of you listening. And the
Speaker 1: end of the year is going to be a more
Speaker 1: chill thing. I think I'm going to come up with
Speaker 1: a nice two part or maybe a three parter. I
Speaker 1: have something brewing, I'm still not sure what it is.
Speaker 1: Going to have some cool ones about Steam with Steve
Speaker 1: Berg from Gamers Nexus. He's been an amazing guy up
Speaker 1: on the show what twice already. This's three to cry.
Speaker 1: It's so cool. I get to talk to cool people
Speaker 1: I admire and in that vein. I also have Nathan
Speaker 1: Grayson from Aftermath coming on as well in the next
Speaker 1: few weeks. A lot to look forward to. And thank
Speaker 1: you for the many emails I've got about me being sick.
Speaker 1: I really do appreciate you looking out for me. I'm
Speaker 1: taking care of myself. I have wonderful people close to me,
Speaker 1: a gover friend who took care of me as well,
Speaker 1: and I mean, it's been really nice. My world feels
Speaker 1: a lot warmer and larger than it did a year ago,
Speaker 1: and I'm just very grateful for what I have. I
Speaker 1: don't know what happened next. Happen next, Jesus Christ not
Speaker 1: editing it, Matthew anyway, I don't know what happens next.
Speaker 1: But I do know that there are many, many, many more,
Speaker 1: hundreds of thousands of people who are capable of actually
Speaker 1: understanding what's going to happen next. And I can't wait
Speaker 1: to tell you. I'm so lucky to do this show.
Speaker 1: I'm lucky to have an amazing producer in Mattasowski, and
Speaker 1: an editor and Matt Hughes, to have Sophie and Robert
Speaker 1: supporting me on the cool Zone media side. It's really
Speaker 1: cool doing this show. Have a great Thanksgiving, have a
Speaker 1: great rest of the week. All back to our regular
Speaker 1: bits next week. I'm Edzie Trump. Thank you for listening.