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The AI Trade Just Got A Warning From Meta

Shownote

Ed Elson is joined by Ed Zitron to break down Meta’s move to sell its excess AI capacity and why it’s a bad sign for the AI bubble. Then, Melissa Murray joins the show to discuss the Supreme Court’s latest decisions and what they mean for the future of the country. Finally, Ed gives his take on Trump’s personal financial disclosures. Ed Zitron is the author of the Where’s Your Ed At Newsletter [https://edzitronswheresyouredatghostio.outpost.pub/public/promo-subscription/7s8t85c736], and the Better Offline Podcast.  Melissa Murray is a professor at NYU Law and co-host of the Strict Scrutiny Podcast.  Subscribe to the Prof G Markets Youtube Channel [https://www.youtube.com/@profgmarkets]  Check out our latest Prof G Markets newsletter [https://www.profgmedia.com/p/google-just-raised-85-billion-the] Follow Prof G Markets on Instagram [https://www.instagram.com/profgmarkets/?hl=en] Follow Ed on Instagram [https://www.instagram.com/ed_elson_/], X [https://x.com/edels0n?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor] and Substack [https://substack.com/@edwardelson] Follow Scott on Instagram [https://www.instagram.com/profgalloway/?hl=en] Send us your questions or comments by emailing Markets@profgmedia.com [Markets@profgmedia.com] Learn more about your ad choices. Visit podcastchoices.com/adchoices [https://podcastchoices.com/adchoices]

Highlights

This episode examines several critical developments in business and politics, starting with a deep dive into Meta's decision to sell off its excess AI computing power. The conversation then shifts to the Supreme Court's recent rulings, which have significant implications for presidential power and campaign finance. Finally, the discussion turns to Donald Trump's latest financial disclosures, revealing the sources of his reported earnings.
00:00
Meta's plan to sell excess AI capacity is a warning sign for the AI bubble.
08:12
Demand for AI compute is a mirage.
25:35
Rulings align with corporate interests by reducing regulation.
28:58
Independent AI regulation is now much harder.
38:26
Trump earned $2 billion from crypto, causing $2 billion in trader losses.

Chapters

Why is Meta selling its AI capacity a warning sign for the entire industry?
00:00
Is the demand for AI compute just a mirage created by money-losing companies?
08:12
How did the Supreme Court's recent rulings strengthen presidential power and money in politics?
18:56
What does the Supreme Court's decision on presidential removal power mean for independent AI regulation?
28:58
What does Trump's $2 billion financial report reveal about his earnings and public perception?
38:26

Transcript

Melissa Murray: Exchanges on the economic impact of AI. Exchanges on gold, energy, and the commodity markets. For the sharpest analysis on finance, business, and the economy, count on exchanges. The Goldman Sachs podcast. Ed Zitron: Listen now. Speaker 4...