Monologue: Dealing With The Weight Of History

software or renting out GPUs. Isn't that weird? Isn't that really weird? We're two years in, three years in, honestly, and not a single one of them mentions how much they make from AI. Microsoft did it two quarters running, then they stopped. Not a problem, No need to check in on the company that has now spent over two hundred billion dollars since twenty twenty to building data centers full of GPUs that they could make an amount of revenue that they are deciding not to share, Like, just

are they shy? Are they shy? Are they? Is the revenue too good? Oh? I couldn't possibly, I'm too shy. I couldn't share me AI revenue perhaps somebody should report this out sometime. In any case, everybody is aggressively intensely ignoring the elephant in the room. Open ai, the billion

dollar baby that loves burning billions of dollars. Who both the California and Delaware attorneys general decided to let convert to a for profit entity, and guess one, open aiy is already gearing up to go public in twenty twenty seven. You know what, fuck him? Let them, Let them file a goddamn S one. Show me the innards of this company. I bet open Aiy's books are going to look like a dog's dinner coming out of its asshole on Thanksgiving.

The Register reported earlier this week that has disclosed as part of Microsoft's earnings, open ai lost over eleven billion dollars in the last quarter. Why any of us pretending this makes sense? Why why are we doing this? Why are we pretending that open ai makes sense as a company? What does this company do, what have they done previously and what will they do in the future that justifies any of this. I don't know if I have AI booster listeners. I don't know if any of you are

really big AI fans. I don't know. If you are, please contact me and tell me why you believe it's worth it. And if your answer is well, companies burned a lot of money to get to where they were in the future, what has to come out of this entity that will justify this expense? Because that's really the thing that I'm rolling around in my mind. What justifies all of this? What justifies the capex? What justifies the open AI wants to raise sixty billion dollars at the

IPO in twenty twenty seven. It will never happen, but nevertheless, like, what is it that justifies all that? Is it the data centers? What will the data centers do? Nothing? It's going to be more of the same. And that's before you get to the fact that the demand isn't there. It's just exhausting. I know, I'm repeating myself, I'm not really gonna stop, though I might have no intention of stopping.

In fact, I think I'm gonna go harder. And I know it's really easy at times like this, when the world feels suffocating and illogical and unforgiving and dishonest and frustrating and confusing, to turn our guns inward, to tear down into disarm and disparage to fight back through isolating

ourselves further. But these are the motives and moves of those who do not see a future, who crave an eternal status quo where history must repeat the enrichment cycles, the same mistakes that left us in a growth driven near apocalypse for three straight years, that have empowered Charlatan's like Altman and Amerday because they resembled stories of the past heroes of the tech industry like Uber and Aws enough to keep you warm and fuzzy every night without

worrying about whether gravity exists. Good sense and mathematics don't need to matter when you're smoking enough copium that you're already imagining your next trip to visit the remains of the Titanic. So I'm gonna tell you something. I'm going to tell you to do something dramatic, and yes, we all know where this is from, but I want you to say this out loud, as quietly as you want, or as loudly as you want. Fuck these people. Doesn't

that feel good? Fuck these people? Fuck them? God, I'm told I can't swear that you can't address this financial insanity without anything other than the calm pois of a fucking monk. But how else am I meant to react to Sam Orman promising superintelligence for the umpteenth time, or claiming in twenty twenty seven or twenty twenty eight will have automated AI science, or signing deals for a trillion dollars of stuff that this company can never afford. Am

I meant to applaud? Am I meant to be excited? Look at the rest of the tech industry. I mean, you can look at chat, GPT, but even outside of it, our social networks look terrible. Facebook is a minefield of scams and AI slop. Instagram is fifty percent ads or more. Our email accounts are full of spam. I get five spam calls a day. Everything needs a fucking account. Fuck the future for a second. Can we just get the

things that we use every data fucking work again? Or is that too much to ask in an era where everything must grow eternally? I swear to God, the most impressive technology anybody could launch this year is something that actually does what it's fucking meant to. Pardon me for being a little salty, but God, every day in the news somebody talks about how are in the midst of a glorious era of artificial intelligence, Yet the products we

use have never felt dumber. It's trite, I know, but three years into a hype cycle specifically oriented around intelligence software that changes our life, it feels like I should have something anything that feels like it's measurably improved. Every product feels worse everything. But aside how you may feel about AI, and be real, is there something out there that's actually improved for you? Is there a single thing that's gotten better? And God, if you say, well, the

models have improved a bit, who fucking cares? What does that do for you? In a practical sense? What exactly has been done between twenty twenty two and twenty twenty five that actually matters? What they fucking do? Chat GPT's got a lot of free users. Well, some people use it for codes, some people use it and feel deeply buried mental health symptoms activate it. Some people use it for search. This is where we're at, and this is where we've been, and honestly, this is where we're always

going to be. Why exactly the big tech spender eighty billion dollars in capital expenditures in the last quarter. What's the point, why not sink some of that capex into making your products better or your users happier. Why not make your products work properly? And again, perhaps that's just impossible for generative AI. Perhaps that's what co Pilot and Gemini do. Maybe they just fuck stuff up. Maybe they're meant to only half work great, they get to lose money,

their customers hate it. It's a real win win scenario. And look, while open ai may claim to be building the future, it's clear what they want to do is continue the existence of the state quo, of those that finance the status quo making money off of it, of those that herald the status quot's latest ideas getting the clicks, that continue the valley's rotten cycle of allowing companies to consume as much venture capital as they want until they

can cash out. I think they've kind of given up on the thing where it's like, oh, we make something useful and sell it because it's good. Open aiy is not interested in innovation. They want to be a social network, a consumer tech startup, as software as a service company, a business productivity company, or whatever form will make the company grow as because they want even if said growth is deeply unprofitable. All that matters is that it grows.

It's cancerous, it's depressing. It's frustrating when you meet people who they can't help but go to bat for this stuff that they claim it's amazing, but their justifications are flimsy, and they get mad at you. They get so mad at you for trying to burst that bubble, for trying to make them talk in practical terms, because AI does something to everyone that loves it. Sure that there are some people, there are definitely some people that can use

it healthily. Fine, but I believe something about this product because it makes you to make it do anything useful, put in so much effort to gaslight yourself into believing it's good that you simply must defend it, because if you don't defend it, you have to admit that the software is training you, not the other way around. And the most vociferous boosters are so deeply deeply in the hole, dig up stupid that they can't help but defend it.

They can't help but attack those who not defend AI that they can't help but claim that the mediocre is amazing and that the future will come from stuff that sucks. Shit, and that's where we are right now. And in times like this, it's easy to feel defeated and even easier to feel depleted, but I encourage you to focus on one thing, solidarity the news. May you think that darkness is a monolith, that there are few people that feel like you do, but they do, and they are everywhere.

They are your friends, your family, and even the members of the Better Offline subredding. If you feel dark or lonely, or lost or ground down by everything, know that many of us do too. You may feel terribly lonely, but even in our mangled, broken into it, there is community everywhere, and even if you may not believe it, people love you and feel the way you do too. Reach out to me easy at better offline dot com if you

have want to chat. I can't promise I can read and respond to every single one, but I try to, and the subreddit is there for you too, and I'm on there too. It may feel like the forces against us are all powerful, but they are not. They're committed to burning billions of dollars only because they know that the second that they stop, the bubble will pop and they will be revealed as the directionless Charlatans they've always been.

I believe now that every dollar spent on GPUs will ultimately be a waste, as I can find no compelling evidence that it's possible to make margin on them before they die in what the four to six years that they actually have any value, And I believe all of you will feel vindicated in time. It will be much easier to weather the difficult times we're in with friends and allies, and even more fun to celebrate victory with company.

It's easy to give up. It's easy to feel discouraged in the face of adversity, to feel separated from others, to believe that isolation and turning inward is the only response. But I want you to feel emboldened by sorrow, to seek the comfort and energy of others, to make friends, to break bread, to build solidarity, and realize that you're

never alone and will never be alone. You may feel like backing down, that the pressure against you by powerful forces is too much, and I tell you that it isn't, and that the only reason that pressure exists is because they fear and may even know that you are right. Thank you for listening to this show, for giving me your time, for giving me your patience and attention, I

deeply appreciate your kindness and support. Tomorrow I'm going to put out a really important premium newsletter about how GPUs may never be profitable, and the next week, believe it or not, I may have something even better ago. In any case, I could not ask a better listeners. Thank you again,