Another 'Big Short'

This is a long read, but encapsulates my fears. It’s always about the money.

The Subprime AI Crisis

None of what I write in this newsletter is about sowing doubt or “hating,” but a sober evaluation of where we are today and where we may end up on the current path. I believe that the artificial intelligence boom — which would be better described as a generative AI boom

Ed Zitron's Where's Your Ed AtEdward Zitron

When you talk to people about GenAI, you’ll hear “It will” and “It could”. I’ve never heard anybody talk about the costs beyond licensing. Few look at RoI for MS licenses. Even less talk about the environment, but we’re in business so focus on the costs and revenue. Push out the hard figures on both sides if it’s so brill. Very few are rolling their own from start to finish so the macro costs and environment will affect you.

They. Don’t. Add. Up.

Layoffs in Tech have been brutal lately. I fear they will turn biblical next year.

I was in Banking at the turn of the Millennium. The analogy in the title isn’t lost on me.