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The AI Trade Just Got A Warning From Meta

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.
Ed Elson and Ed Zitron analyze Meta's move to sell excess AI compute capacity, interpreting it as a bearish signal for the AI industry. Zitron argues that the demand for AI compute is largely a mirage, driven by money-losing companies like OpenAI and Anthropic, and that Meta's actions suggest a lack of a viable AI strategy. The conversation then pivots to the Supreme Court, where Melissa Murray explains how recent decisions have strengthened presidential power and loosened campaign finance restrictions, aligning with corporate interests. The episode concludes with an examination of Trump's personal financial report, which shows $2 billion in earnings, primarily from crypto ventures, and highlights the lack of public outcry despite nearly half of his voters believing he hasn't profited from the presidency.
00:00
00:00
Meta's plan to sell excess AI capacity is a warning sign for the AI bubble.
08:12
08:12
Demand for AI compute is a mirage.
25:35
25:35
Rulings align with corporate interests by reducing regulation.
28:58
28:58
Independent AI regulation is now much harder.
38:26
38:26
Trump earned $2 billion from crypto, causing $2 billion in trader losses.