Premium: The Hater’s Guide To The AI Bubble Vol. 2

Source: Where’s Your Ed At Date: 2025-11-14 URL: https://www.wheresyoured.at/premium-the-haters-guide-to-the-ai-bubble-vol-2/

Summary

Premium update to the AI bubble analysis. OpenAI and Anthropic are making wildly inconsistent financial claims that lack substantiation — massive discrepancies between reported revenue and actual spending. Executives acknowledge rushing to raise capital before the bubble bursts due to ‘growing concerns regarding the costs and benefits of AI.’ The industry operates on ‘vibes rather than sustainable business models.’ Costs keep rising rather than declining as promised.

Implications

• The executive acknowledgment is the key quote. AI company executives on record acknowledging they’re racing to raise capital before the bubble bursts is a fraud-adjacent disclosure: marketing asserts viability while private communications acknowledge the opposite.
• The inconsistency pattern is systematic. OpenAI claiming $13.1B revenue while Microsoft SEC filings imply $12B in Q3 losses is not a rounding error — it’s a fundamental contradiction.
• Vol. 2 means the Vol. 1 thesis held. Zitron’s original analysis hasn’t been falsified; he’s updating it with new data. The industry’s counter-narrative has not materialized in the numbers.