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Zeitgeist — a spike by Chris Gathercole
  1. Creators/
  2. Ed Zitron — Where's Your Ed At / Better Offline/

Monologue: The Pale Horsemen Arrive

Podcast · ~17 min · Listen

  • Ed Zitron argues that the current demand for AI is vastly overstated and does not justify the trillion dollars in capital expenditure by tech giants like Microsoft, Google, and Amazon.
  • He highlights that 70% of Microsoft, Google, and Amazon’s AI revenues are derived solely from Anthropic and OpenAI, indicating a narrow customer base for their AI services.
  • A specific claim is that 7% of Microsoft’s projected FY26 revenue is expected to come from OpenAI alone.
  • This concentration of revenue from a few key players is presented as “cast-iron proof” that widespread, organic demand for AI at scale does not yet exist, implying an unsustainable investment bubble.