>"All right, well, Ed knows what that means." Does he, Mr. Ludic?
I've never listened to the Zitron's podcast. But does he present himself as a financial expert? I've heard so many people that seem to think he is a financial wiz and use him to inform investment decisions.
it absolutely is which makes it fascinating when you do absolutely not a thing in your life but make insanely inaacurate predictions for years on end and still have a career where instead of ocassionally be laughed at at parties you are being discussed on HN
Ed will get his 15 minutes of fame when the market finally corrects. But he'll still be completely wrong. It's hilarious how outdated his views on AI are. He literally doesn't know what people are using it for. He seems to have no clue that 50% of radiology and medical imaging labs in the US now heavily utilize AI. 40% of dental practices in the US are currently utilizing AI. Programming went the complete paradigm shift at least 18 months ago, and this buffoon still thinks it's vibe coding.
Models being capable is orthogonal to trillions of capital being incinerated.
Nasdaq 100 is down over $2.7T over the last month, so far. Still further to go. There are simply not enough earnings materializing to support the capital that has been invested.
OpenAI has cut its funding target by $10B due to lack of enthusiasm by investors. Certainly, if you think AI is going to capture trillions of dollars of value, I encourage you to try to catch the falling knife.
Gartner Survey Finds Only 13% of CIOs Say Their Enterprise Has Realized Significant or Transformational Value from AI - https://news.ycombinator.com/item?id=50207881 - October 2026
Credit swaps and the bond market are more accurately pricing the future imho.
This seems somewhat mean-spirited and light on the sort of facts that would justify the tone. It’s also bizarre to read this as the markets begin to plummet as investors begin to realize there’s no there there.
Whatever you feel about the tech, the economics are stupid right now and seemingly entering at least correction territory.
>"The Soviets also spent seventy years predicting that capitalism would collapse any day now."
If anything has the chops to prove both Zitron AND the Soviets right, it's AI.
>"All right, well, Ed knows what that means." Does he, Mr. Ludic?
I've never listened to the Zitron's podcast. But does he present himself as a financial expert? I've heard so many people that seem to think he is a financial wiz and use him to inform investment decisions.
I can't believe more people don't point out his unbelievably bad track record of predictions. For a public figure, this should be incredibly damning.
Not sure if you're aware, but a lot of really smart people have made a bunch of wrong predictions. Turns out it's pretty hard to predict the future.
it absolutely is which makes it fascinating when you do absolutely not a thing in your life but make insanely inaacurate predictions for years on end and still have a career where instead of ocassionally be laughed at at parties you are being discussed on HN
Ed will get his 15 minutes of fame when the market finally corrects. But he'll still be completely wrong. It's hilarious how outdated his views on AI are. He literally doesn't know what people are using it for. He seems to have no clue that 50% of radiology and medical imaging labs in the US now heavily utilize AI. 40% of dental practices in the US are currently utilizing AI. Programming went the complete paradigm shift at least 18 months ago, and this buffoon still thinks it's vibe coding.
Models being capable is orthogonal to trillions of capital being incinerated.
Nasdaq 100 is down over $2.7T over the last month, so far. Still further to go. There are simply not enough earnings materializing to support the capital that has been invested.
OpenAI has cut its funding target by $10B due to lack of enthusiasm by investors. Certainly, if you think AI is going to capture trillions of dollars of value, I encourage you to try to catch the falling knife.
Al Enthusiasm Is Collapsing and Tech Earnings Just Made It Worse - https://www.bloomberg.com/news/articles/2026-10-31/ai-enthus... - October 31st, 2026
Tech Selloff Burns Al Dip-Buyers as Sector Slides for Third Week - https://www.bloomberg.com/news/articles/2026-10-30/ai-dip-bu... - October 30th, 2026
Gartner Survey Finds Only 13% of CIOs Say Their Enterprise Has Realized Significant or Transformational Value from AI - https://news.ycombinator.com/item?id=50207881 - October 2026
Credit swaps and the bond market are more accurately pricing the future imho.
https://news.ycombinator.com/item?id=50303881
This seems somewhat mean-spirited and light on the sort of facts that would justify the tone. It’s also bizarre to read this as the markets begin to plummet as investors begin to realize there’s no there there.
Whatever you feel about the tech, the economics are stupid right now and seemingly entering at least correction territory.
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