Memory prices have doubled, Macs and iPads have gone up, and iPhones are expected to follow. Ed Zitron – who writes the Where's Your Ed At newsletter, hosts the Better Offline podcast, and has been described by Politico as the AI boom's most "acerbic gadfly" – has spent years arguing the buildout driving those costs will never pay for itself. We asked him what happens to Apple if he's right. You've been calling AI a bubble since before it was fashionable.
It’s getting closer. We keep getting dotcom bust parallels. We saw the desperation superbowl ads following private investor funding dry up, we’re on to IPO to cover that gap, and spacex has demonstrated the writing on the wall for public market investors, that AI stocks will plummet. Probably even further once insiders are allowed to sell. Combining trying to pay your employees in stock, which is worthless by compounding forces of big stock generation, lack of investors, and attempting to reduce costs by taking advantage of stock value, it’s 2001 all over again soon
It’s getting closer. We keep getting dotcom bust parallels. We saw the desperation superbowl ads following private investor funding dry up, we’re on to IPO to cover that gap, and spacex has demonstrated the writing on the wall for public market investors, that AI stocks will plummet. Probably even further once insiders are allowed to sell. Combining trying to pay your employees in stock, which is worthless by compounding forces of big stock generation, lack of investors, and attempting to reduce costs by taking advantage of stock value, it’s 2001 all over again soon