WEBVTT - A Thanksgiving Monologue

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<v Speaker 1>Media, hell On, Welcome to a very special Thanksgiving monologue.

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<v Speaker 1>I'm your host ed Zetron and well, this one's about you,

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<v Speaker 1>and it's about thanking you for the last year or

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<v Speaker 1>two and saying that this show really does mean a

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<v Speaker 1>lot to me, perhaps more than it should, and this

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<v Speaker 1>journey has become oddly personal in that the show has

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<v Speaker 1>allowed me to explore this kind of complex relationship I

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<v Speaker 1>have with technology, the industry, the media, my peers, my

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<v Speaker 1>own identity, which all sounds a bit much, I realized,

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<v Speaker 1>but I mean it's sincerely and I think at this

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<v Speaker 1>point you've kind of worked out that's my whole bag.

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<v Speaker 1>And I recognize that I still sound congested. Sophie made

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<v Speaker 1>it very clear this is all I'm doing this week.

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<v Speaker 1>I've got to recover, and I will recover a promise.

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<v Speaker 1>But I wanted to say that our humanity is what

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<v Speaker 1>makes us different from the machines, and that's what makes

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<v Speaker 1>this sho is special. And I'm endlessly grateful for the

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<v Speaker 1>hundreds of thousands of human beings who listen to or

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<v Speaker 1>read my work every month. I love hearing from you.

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<v Speaker 1>I'm so grateful for your generosity, your intellectual interest in

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<v Speaker 1>my work and in many cases great empathy and capacity

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<v Speaker 1>for good and the conclusion of the AI bubble. I

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<v Speaker 1>think it's going to be a referendum on the status

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<v Speaker 1>quote were stress test of the tech industry's largest firms

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<v Speaker 1>and collective intellect and honestly imagination. Either I'm wrong and

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<v Speaker 1>the growth trains suddenly sprout smoke and AI or Microsoft

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<v Speaker 1>or anthropic, or I'm right, and hundreds of billions of

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<v Speaker 1>dollars got burned on unprofitable software and even less profitable hardware.

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<v Speaker 1>While I've complained in the past about feeling alone in this,

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<v Speaker 1>I never really have been, and you've all kind of

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<v Speaker 1>made me realize that. From the early days of my

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<v Speaker 1>newsletter and better offline, many of you have been calling

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<v Speaker 1>bullshit on AI too in my comments and emails on

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<v Speaker 1>the Reddit, and a lot of you are honestly not

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<v Speaker 1>far from where I am as far as my breadth

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<v Speaker 1>of knowledge. I hope I'm helpful in educating you, But

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<v Speaker 1>already so many of you see with clarity what the

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<v Speaker 1>stakes are and how to pierce the thick layers of

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<v Speaker 1>financial bullshit. And you all know we're at this point.

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<v Speaker 1>We're basically living in a paradox every day we look

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<v Speaker 1>at the stock market, it's either red or slightly green.

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<v Speaker 1>Everyone's kind of worried. Everyone still posting these headlines both

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<v Speaker 1>about being in an AI bubble and also in the

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<v Speaker 1>midst of the greatest technological revolution since whatever half asked

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<v Speaker 1>comparison people are even making these days. They're not even

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<v Speaker 1>really fucking bothering, are they, And everybody is still trying

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<v Speaker 1>to avoid looking at open AI, which is the financial

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<v Speaker 1>equivalent of a man walking a tight rope across lava

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<v Speaker 1>while begging a crowd of people to throw rocks at him. Yeah,

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<v Speaker 1>one point four trillion dollars worth of compute deals in

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<v Speaker 1>the space of five years. Should all be fine, Sammy,

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<v Speaker 1>You're still welcome to come on the show. By the way,

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<v Speaker 1>you pr person, stop fucking responding to me. Very rude,

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<v Speaker 1>very rude. But look, you the listener, if you feel

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<v Speaker 1>insane at the moment, it's because all of this is insane.

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<v Speaker 1>Open AI plans to burn escalating multiple billion dollars. The

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<v Speaker 1>revenues that appear based on the episode I put out

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<v Speaker 1>a few weeks ago, well they appear a little questionable,

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<v Speaker 1>and whatever open AI actually makes at this point is

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<v Speaker 1>up for debate, which I think is reasonable and should

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<v Speaker 1>have happened earlier. And even now, I still have people

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<v Speaker 1>getting in touch with me saying, oh, perhaps the numbers

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<v Speaker 1>are delayed. Perhaps it's this, perhaps this, it's not it's

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<v Speaker 1>a cruel accounting. I believe it's called. Those numbers were

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<v Speaker 1>correct to the quarters I had them in. It's time

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<v Speaker 1>to start accepting where we are. It's time to accept

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<v Speaker 1>that things are not going well and that this bubble

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<v Speaker 1>will burst. It's probably going to be the most egregious

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<v Speaker 1>I told you so in history. But I don't have

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<v Speaker 1>to do that. I told you so alone. I'm not

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<v Speaker 1>doing it alone. You're coming with me. And today I

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<v Speaker 1>celebrate you, the listener, and I'm thankful for you for

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<v Speaker 1>trusting me the many times I've asked you to when

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<v Speaker 1>doing so was not really in line with the market consensus.

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<v Speaker 1>Early on in this show, people they said I was mad.

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<v Speaker 1>Would a mad person laugh like this? Aha? Anyway? Seriously, though,

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<v Speaker 1>so many of you stuck by me early on, even

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<v Speaker 1>when the entirety of the media kind of did. And

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<v Speaker 1>I'm not saying everyone was against me or anything. I'm

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<v Speaker 1>not that kind of person other than the fact I'm

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<v Speaker 1>literally the single most punished person ever. But in all seriousness,

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<v Speaker 1>you've all been there with me too. You've given me

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<v Speaker 1>your time every week, and you're generous with your time too,

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<v Speaker 1>your energy and your focus too. So many of you

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<v Speaker 1>are showing up on Blue Sky and read it an email,

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<v Speaker 1>and you're picking up stuff very, very fast. There are

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<v Speaker 1>members of the media who don't get things that some

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<v Speaker 1>Rando's emailing me get. Some of you are picking up

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<v Speaker 1>some nuanced corporate accounting that took me a lot longer

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<v Speaker 1>to get out there. So I could not be more

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<v Speaker 1>proud of you, and I could not see the show

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<v Speaker 1>is any more powerful, because look, what actually changes the

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<v Speaker 1>world is regular people talking about stuff. En Mass. I

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<v Speaker 1>can have whoever successful a podcast I want. I can have,

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<v Speaker 1>however many subscribers. But ultimately, if there is just a

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<v Speaker 1>gluttony of people who can look at this bullshit and

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<v Speaker 1>see it for what it is, I think that changes

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<v Speaker 1>the world. And you are part of that too. And

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<v Speaker 1>the distance between my knowledge and your own is minuscule.

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<v Speaker 1>You are the ones that will make the difference. So

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<v Speaker 1>tell everybody everything you know. Don't worry about giving me credit.

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<v Speaker 1>I don't give a shit. I really don't what I

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<v Speaker 1>give a shit about is you knowing more and making

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<v Speaker 1>better decisions as a result. An early piece of feedback

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<v Speaker 1>of God was never to tell you how to feel,

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<v Speaker 1>and I won't, but I'll tell you what I know

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<v Speaker 1>and why I feel that way. And I feel very

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<v Speaker 1>lucky to have so many of you listening. And the

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<v Speaker 1>end of the year is going to be a more

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<v Speaker 1>chill thing. I think I'm going to come up with

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<v Speaker 1>a nice two part or maybe a three parter. I

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<v Speaker 1>have something brewing, I'm still not sure what it is.

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<v Speaker 1>Going to have some cool ones about Steam with Steve

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<v Speaker 1>Berg from Gamers Nexus. He's been an amazing guy up

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<v Speaker 1>on the show what twice already. This's three to cry.

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<v Speaker 1>It's so cool. I get to talk to cool people

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<v Speaker 1>I admire and in that vein. I also have Nathan

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<v Speaker 1>Grayson from Aftermath coming on as well in the next

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<v Speaker 1>few weeks. A lot to look forward to. And thank

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<v Speaker 1>you for the many emails I've got about me being sick.

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<v Speaker 1>I really do appreciate you looking out for me. I'm

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<v Speaker 1>taking care of myself. I have wonderful people close to me,

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<v Speaker 1>a gover friend who took care of me as well,

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<v Speaker 1>and I mean, it's been really nice. My world feels

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<v Speaker 1>a lot warmer and larger than it did a year ago,

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<v Speaker 1>and I'm just very grateful for what I have. I

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<v Speaker 1>don't know what happened next. Happen next, Jesus Christ not

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<v Speaker 1>editing it, Matthew anyway, I don't know what happens next.

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<v Speaker 1>But I do know that there are many, many, many more,

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<v Speaker 1>hundreds of thousands of people who are capable of actually

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<v Speaker 1>understanding what's going to happen next. And I can't wait

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<v Speaker 1>to tell you. I'm so lucky to do this show.

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<v Speaker 1>I'm lucky to have an amazing producer in Mattasowski, and

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<v Speaker 1>an editor and Matt Hughes, to have Sophie and Robert

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<v Speaker 1>supporting me on the cool Zone media side. It's really

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<v Speaker 1>cool doing this show. Have a great Thanksgiving, have a

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<v Speaker 1>great rest of the week. All back to our regular

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<v Speaker 1>bits next week. I'm Edzie Trump. Thank you for listening.