Anthropic's ARR is reportedly now above $60 billion. OpenAI's is reportedly above $40 billion. Countless people and businesses are using AI to create tangible value and reduce costs.

We can debate whether the level of investment in AI is excessive and what any malinvestment will eventually cost when the market has to recognize it.

But Zitron is selling you a $70/year subscription to a newsletter that constantly reminds you that AI is a bubble and the technology is worthless. The AI people aren't selling you the same thing Ed is.

And let's be honest here: it's not like Zitron has any credentials of substance that are relevant. He's not an accountant and constantly demonstrates that he can't read a balance sheet or financial statement, doesn't understand basic account principles, etc. He's not a technologist, so he can't speak credibly to AI tech and how it's being used. He never worked in AI, even in a non-tech role, so he has no first-hand experience that's unique.

Basically, he's a former PR shill who, from what I can tell, saw an opportunity to profit by hitching himself to the AI zeitgeist as a naysayer.

I'm sure his grift is keeping his bills paid, but anyone taking action based on his doom and gloom thesis has missed out on one of the biggest investment opportunities in history. And just to be clear: this is not to say that stocks will go up forever, that valuation concerns aren't legitimate, or that there aren't aspects to AI infrastructure financing that are a bit concerning. But if you had ignored Ed from the minute he started whining and sold all of your AI investments tomorrow, you'd be much wealthier.