Better Offline - Make Fun Of Them, Pt. 2

Episode Date: July 11, 2025

In part two of this week's two-part Better Offline, Ed Zitron makes a plea to the tech media - to stop automatically accepting what the tech executives have to say, and to admit that these people soun...d really, really stupid, even if they use long words. YOU CAN NOW BUY BETTER OFFLINE MERCH! Go to https://cottonbureau.com/people/better-offline and use code FREE99 for free shipping on orders of $99 or more. --- LINKS: https://www.tinyurl.com/betterofflinelinks Newsletter: https://www.wheresyoured.at/ Reddit: https://www.reddit.com/r/BetterOffline/  Discord: chat.wheresyoured.at Ed's Socials: https://twitter.com/edzitron https://www.instagram.com/edzitron https://bsky.app/profile/edzitron.com https://www.threads.net/@edzitronSee omnystudio.com/listener for privacy information.

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Starting point is 00:00:00 This is an IHeart podcast. Guaranteed Human. Run a business and not thinking about podcasting. Think again. More Americans listen to podcasts than adds supported streaming music from Spotify and Pandora. And as the number one podcaster, IHearts twice as large as the next two combined.
Starting point is 00:00:15 Learn how podcasting can help your business. Call 844-844-I-Hart. Another podcast from some SNL late-night comedy guy, not quite. Unhumor me with Robert Smygel and friends. Me and hilarious guests from Bob Odenkirk to David Letterman help make you funnier. This week, my guest,
Starting point is 00:00:32 SNL's Mikey Day and head writer, Streeter Seidel, help an a cappella band with their between songs banter. Where does your group perform? We do some retirement homes. Those people are starving for banter. Listen to humor me with Robert Smigel and friends on the IHeart Radio app, Apple Podcasts,
Starting point is 00:00:48 or wherever you get your podcasts. Why are we all so obsessed with romance? On the Radio 831 podcast, join us, Sanjana Basker, and Tyler McCall. As we unpack, the trending tropes, fuzzy adaptations, book talk drama, and celebrity love stories with hot takes and sharp guests. Each episode digs into what these stories reveal about desire, fantasy, identity, and how we love now. Listen to the Radio 831 podcast on the IHeart Radio app, Apple
Starting point is 00:01:17 podcasts, or wherever you get your podcasts. Will Ferrell's Big Money Players and IHeart Podcasts presents Soccer moms. So I'm Leanne. This is my best friend, Janet. Hey. And we have been joined at the hips since I'm high switzerland. Absolutely. A redacted amount of years later, we're still joined at the hip. Just a little bit bigger hips. This is a podcast. We're recording it as we tailgate our youth soccer games in the back of my Honda Odyssey.
Starting point is 00:01:39 With all the snacks and drinks. Why did you get hard seltzer instead of beer? Oh, they hit a bogo. Well, then you got it. Listen to soccer moms on the Iheart radio app, Apple Podcasts, or wherever you get your podcasts. Also Media. Hello and welcome to better offline. I'm your host, Ed Zittron.
Starting point is 00:01:59 Please buy our merchandise. need money. Now, in the last episode, we talked about an unfortunate affliction affecting people in tech where they're prone to spouting these inane, meaningless platitudes. And then the other affliction affecting people in the tech media where they nod along and say, huh, make sense to me. The thing is, if we actually care about tech, it's upon us to actually challenge these charlatans. We don't have to be mean or rude or harsh.
Starting point is 00:02:34 We just have to say, what does that mean or what exactly do you mean? This is the pro-tech position. It's not about being a hateer. or a cynic or whatever. It's an essential quality control mechanism that's been sorely lacking, especially in the AI bubble. The problem is that bullshit is a scarily effective mechanism
Starting point is 00:02:51 by the shameless and the cynical, and it's managed to bamboozle so many, especially in the media, where the job is, at least in theory, to do the exact opposite of not only reasonably in saying, oh, that sounds good to me, mate. Let's say the media,
Starting point is 00:03:04 not the actually good people, who I mentioned by name in the last episode, but Slavish Lickspittles like Kevin, Ruse, and Casey, new and actually want these companies to build powerful AI and believe they're smart enough to do so, say that somehow, looking at their decaying finances, the lack of revenue, the lack of growth, and the remarkable lack of use cases, they still come out of it and say, sure, I think they're going to do this. The problem with bullshit, like the Della's word salad buffet in Altman's whatever the fuck
Starting point is 00:03:29 he does, is that it allows people, ostensibly smart, reasonable people, to reach these conclusions without having to answer the silly little question of how. How? How? How? How they're going to do it? Why haven't they done it yet? Why three years in, are we still unable to describe what it is that chat GPT actually does and why we need it so badly? Take away how much money OpenAI makes for a second and indeed how much it loses. Does this product actually inspire anything in you? What is it that's actually magical about this? Other than the fact, Casey, you get to hang around lots of parties. And you too, Kevin, Kevin,
Starting point is 00:04:04 kevy boy, you get to hang around a lot of parties with a bunch of people sniffing their own farce, like that episode of South Park with the Priuses. And on a business level, what is it that I'm meant to be impressed by exactly? Open AI has allegedly hit $10 billion in annualized revenue, essentially the biggest month it can find multiplied by 12, which is, it's not actually that much, really, considering that Open AI is the most prominent software company in the world with the biggest brand and with the attention of the entirety of the world's media. OpenAI allegedly has 500 million weekly active users on chat GPT, and by the last count, only 15.5 million paying subscribers, an absolutely putrid conversion rate even before you realize that the actual conversion rate
Starting point is 00:04:48 would be monthly active subscribers. That's how any real software company actually defines its metrics by the fucking way. Why am I meant to be impressed? Why? Because ChatGPT grew fast. It literally had more PR and more marketing and more attention and more opportunities to sell to more people than any company has ever had in the history of anything. Every single industry has been told to think about AI for three fucking years and they've been told to do so because of a company called OpenAI. There isn't a single goddamn product since Google or Facebook has had this level of media pressure and both of those companies launched without the massive amount of media and social media that we have today. Having literally everybody talking about your product all the time for years is pretty useful.
Starting point is 00:05:31 Why isn't this company making more money? And why are we taking any of these people? seriously. Mark Zuckerberg paid $14.3 billion to invest 49% in, but really to acquire scale AI, an AI data company, is the means of hiring its CEO Alexander Wang to run his superintelligence team and has been offering random open AI employees $100 billion to join meta. And they also, by the way, thought about buying both AI search company perplexity and generative AI video company runway. And they even tried to buy OpenAI co-founder Ysutskavis pre-product $32 billion valuation company, safe superintelligence, selling instead to hire its CEO and his venture fund. I just want to be clear, superintelligence refers to a fictional concept.
Starting point is 00:06:19 These people, they may as well be saying they're going to hunt and kill the fucking tooth fairy. I feel like I'm going insane. Hundreds of millions, billions of dollars put into an idea that's fictional. It's like they're trying to make the ninja turtles happen. Are they going to capture Santa Claus? Are they finally going to kill Slender Man? Are they going to find the Mario brothers? Are we going to stop the Cooper, Sam Altman? Is Mark Zuckerberg going to kill? Who was the bad guy from sacrifice? Anyway, we'll get back to that later. When you put aside the big numbers, these are the actions of a desperate dimwit with a failing product trying to buy his way to make generative AI into superintelligence. And by the way, just want to make it clear, the chief AI
Starting point is 00:07:04 scientist, Yan Lecun, they call it Jan Lecum, says it isn't going to work. Generative AI isn't going to make superintelligence. Marky, Mark, you're going to listen to the people you fucking hired who just jack off and give people too much money. I'll take $100 million, mate, while you're out there. But by assuming that there's some sort of grand strategy behind these moves beyond, if we get enough smart people together, something all happening, the media helps boost the powerful messaging and boy, their stock valuations. You are not educating anybody, by humoring these goofballs. In fact, the right way to approach this would be to ask meta.
Starting point is 00:07:39 A very simple question. Why does a multi-trillion dollar market cap company with a near-monopoly overall social media spend billions of dollars in what appears to be a totally irresponsible way? No, no, no, no, no, no, no no. These big thoughts that might make people uncomfortable. No, no, we just need like 10 or 15 different articles suggesting that Mark Zuckerberg is a genius
Starting point is 00:08:02 and we're watching him be a genius. Anyway, putting that aside, what exactly is the impressive part of generative AI? Again, I'm coming back to this. The fucking code? Enough about the code. I'm tired of hearing about the code. I swear to God, you people think that being a software engineer is only fucking coding, and it's fine if you ship mediocre code.
Starting point is 00:08:20 Is it bad code can't bring down entire organizations? What is it you think a software engineer does? Is all they do code? If you think the answer is yes, you are wrong. Human beings may make mistakes in writing code, but at least they know what a mistake looks like, which a generative AI does not, because a generative AI doesn't know what anything is
Starting point is 00:08:40 or anything at all because it is a probabilistic model. Congratulations! You've made another way in which software engineers can automate parts of their jobs. Stop being so fucking excited about the idea that people are going to lose their livelihoods. It's nasty and found it on absolutely nothing other than your adulation for the powerful. These models are dangerous and chaotic,
Starting point is 00:08:58 built with little intention of regard for the future, just like the rest of Big Tech's products. Chat GPT would have been a much smaller deal if Google had any interest in turning Google search into a product that truly answered a query as opposed to generating more of them to show more impressions to advertisers. A nuanced search engine that could look at a user's query and spit out a series of websites that might help answer a question, rather than just summarizing a few of them for an answer or just giving you a series of SEO articles. And if you ever need proof that Google just doesn't know how to fucking innovate anymore, really look at those AI summaries. It's a product that both misunderstands search and why people use chat GPT as a search replacement in the first place. While OpenAI may summarize stuff to give an answer, it at least gives something approximating an answer answer, rather than a summary that feels like an absentee parent trying to get rid of you and then throwing 20 bucks at you in the hopes you'll leave them alone. And even when it does answer shit, it does so in this very peculiar way and gets very obvious things wrong.
Starting point is 00:09:56 I looked at the pricing for Claude, the Anthropic. I looked up for what the price of Claude Code was, and it was like, yeah, $60. There's no $60 plan that I could find on Anthropic. Maybe one of the team's plans. Anyway, Google Search makes them like $100 billion a year. It's fucking insane. Another podcast from some SNL late-night comedy guide, not quite. Unhumor me with Robert Smigel and Friends, me and hilarious guests from Jim Gaffigan
Starting point is 00:10:32 to Bob Odenkirk to David Letterman, help make you funnier. This week, my guest, SNLL. Mikey Day and head writer Streeter Seidel, help an a cappella band with their between songs banter. There's that worst singer in the group? The worst? Yeah. Me.
Starting point is 00:10:47 Is there anything to the idea that because you're from Harvard, you only got in because your parents made a huge donation. The group. The yard birds, right? That's the name. The Harvard Yard. They're open to change. Do you have a name suggestion?
Starting point is 00:11:02 We're open. Since you guys are middle aged. One erection. Listen to Humor Me with Robert Smigel and Friends on the IHeart Radio app, Apple Podcasts, or wherever you get your podcast. Humor me. I need some jokes to make me seem funny. Run a business and not thinking about podcasting, think again. More Americans listen to podcasts than ads supported streaming music from Spotify and Pandora.
Starting point is 00:11:30 And as the number one podcaster, IHearts twice as large as the next two combined. So whatever your customers listen to, they'll hear your message. Plus, only IHeart can extend your message to audiences across broadcast radio. Think Podcasting can help your business. Think IHeart. Streaming, radio, and podcasting. Call 844-844-I-Hart to get started. That's 844-844-I-Hart.
Starting point is 00:11:52 Will Ferrell's Big Money Players and IHart Podcasts presents soccer moms. So I'm Leanne. This is my best friend, Janet. Hey. And we have been joined at the Hips since high school. Absolutely. Now a redacted amount of years later, we're still joined at the hip. Just a little bit bigger hips.
Starting point is 00:12:07 wider. This is a podcast we're recording it as we tailgate our youth soccer games in the back of my Honda Odyssey. With all the snacks and drink. Sidebar. Why did you get hard seltzer instead of beer? Oh, they had a bogo. Well, then you got it. Do you want a white collar something here? Just take it.
Starting point is 00:12:22 What are y'all doing? Microphones? Are you making a rap album? I would. Come on. I would buy it. Cuts through the defense like a hot knife through sponge cake. That sounds delicious. Oh, you're lucky. I'm not a
Starting point is 00:12:37 drug addict. You're lucky I'm not an alcoholic. You're lucky I'm not a killer. I love this team and I'm really trying to be a figure in their lives that they can rely on. Oh. Listen to soccer moms on the IHeart Radio app, Apple Podcasts, or wherever you get your podcasts. Hey, I'm Deanna Maria Riva, actress, mother, lover, and a Gen X woman walking through life one hot flash and hormonal crime jag at a time. You ladies know what I mean. I'll bet you a perimenopausal chin here you do. So let's talk about it. Join me on my new podcast, How Hard Can It Be with the Adamani Arriva, where I call on my Gen X squads from Ohio to Hollywood as we navigate Midlife's most fantastic BS. All of a sudden, I'd had hanginess happening on my own.
Starting point is 00:13:22 I was like, what the hell is that? I was married when I had her, so I didn't even consider how empty that nest was going to be. Mood swings, night sweats, fupas, sex drive. Wait, what sex? Dating at 45. How high can it be getting naked at 50 with? a new guy. That one's kind of hard. Well, that's lighting. They say we can't polish a turd, but we're sure going to try. So let's get blunt with laughs, tears or tears of laughter, and dive into it unfiltered and unbothered and ask, how hard can it be? I cannot believe I'm about to say this
Starting point is 00:13:54 out loud in public. Listen to How Hard Can It Be with Diana Maria Riva as part of my Cultura podcast network available on the IHeart Radio app, Apple Podcasts, or wherever you get your podcasts. If Google Search truly evolved, chat GPT wouldn't really matter. because the idea of a machine that can theoretically answer a question is kind of why people used Google in the fucking first place. Why doesn't the state of Google dominate tech news? Just like how random ketamine-fueled tweets from Elon Musk do. Why aren't we collectively repulsed by Google as a company?
Starting point is 00:14:28 And why aren't we collectively repulsed by OpenAI? No matter how big chat GPT is, the fact that there's a product out there with hundreds of millions of users that constantly gets answers wrong is genuinely worrying for society. And that's before you get to the environmental damage, the fact it's trained its models on hundreds of millions of people's art and writing. And oh, I don't know. The fact that it loses over, you know, it loses like billions of dollars, probably more like $12 billion a year. It's planning to lose over $100 billion a year before becoming profitable. And they can't even explain how it become profitable.
Starting point is 00:15:01 I'm trying to calm down, all right? I'm trying. I don't even write in here to get pissed off. It's just when I think about it too much. started hearing the music from Kill Bill. Anyway, but why are we not more horrified? Why are we not more forlorn that this is where hundreds of billions of dollars are being forced?
Starting point is 00:15:21 The most prominent company in the tech industry is an unstable monolith with a vague product that can only make $10 billion a year in revenue, not profit, as the very fabric of its existence is shoved down the throat of every executive in the world at once. Also, if it's not fed, by the way, $20 to $40 billion, a year, it will die. Give me a fucking break. I don't know. I sound pretty ornery. I get accused of being a hater or missing the grand mystery of this bullshit every few minutes by somebody with an AI avatar or a guy who looks like he's being banned from multiple branches of Best Buy. I understand there are things that people do with large language models. I am aware, but none of it matters
Starting point is 00:15:59 because the way they're being discussed is like we're two steps away from digitally replacing hundreds of millions of people's jobs. The reality is far simpler. We have an industry that has spent nearly half a trillion dollars between its capital expenditures and venture capital funding to create an industry with the combined revenue of the fucking smart watch industry. What I'm talking about isn't inflammatory. In fact, it's far more deeply rooted in reality than those claiming the open AI is building the future, or Kevin Roos walking up on stage dressed like a fucking ringmaster. Anyone, if you're a listener who is at the Hard Fork live show, email me.
Starting point is 00:16:33 Please email me and tell me what that was about. And if you don't know what I'm talking about, Kevin Roo's dress like a fucking circus ringmaster of his podcast. Shameful, man. Shameful. Take a shower. Take a walk. Go outside, mate. But look, like I said, what I'm saying sounds inflammatory, but it's not.
Starting point is 00:16:54 If we add up the combined capital expenditures and projected AI revenues of the big four hyperscalers, we end up with roughly $327 billion in capital expenditures and only $18 billion in revenue. And that's not profit, by the way. I really do mean it. That's less than the projected revenue of the global smartwatch industry. But then someone smashes through my door and they go, what about Open AI? What about Open AI?
Starting point is 00:17:17 I've talked about this so much. So what? Open AI makes $12.7 billion this year, but they lose like $10, $14 billion. What does that mean to you exactly? What are you going to say? The cost of inference is coming down? No. No.
Starting point is 00:17:32 If you are someone who is saying the cost of inference is coming down, I need you to stop. You are wrong. you are wrong, you are wrong. I hate hearing this because you are so wrong. No, the cost that people are being charged is going down. We have no firm data on the actual costs of inference because the companies don't want to talk about it. And yes, they will absolutely lower prices to compete with other companies. The information just reported that Open AI was doing this to compete with Microsoft a couple weeks back and fucking Open AI reduced the price of their O3 reasoning model, one focused
Starting point is 00:18:04 on code by 80% to compete with Claude 4 Opus Max. Just like any of you could fucking look at... I know I'm getting mad at people who probably don't listen to the podcast, but one day they will, I'll make them. Anyway, even if we add open AI's revenue to the pop, we're at about $30.7 billion. If we add the supposed $1 billion in revenue from training data startup surge, $300 million in annualized revenue for Turing,
Starting point is 00:18:29 we optimistically assume that perplexity will have 100 million ARR up than 34 million in 2024, but they lost $64 million, and say they make $100 million in 2025, and assume that any sphere, which makes cursor, that their $500 million run rate stays consistent through 2025, even though they just had to completely change their pricing, because Open AI and Anthropic chugged all the prices. We are at... I'll carry the two. About $32.7 billion? Hmm, that's not good, but I'm not being fair, am I? I didn't include many of the names from the information's generative AI database.
Starting point is 00:19:10 I'm stubborn, so I made a point of adding them all up and ended up with a total of less than $39 billion of total revenue in the entire generative AI industry. Jesus fucking Christ! Fuck! God damn it! This is what we've been doing for three years? If you're a Mr. Plinket fan, this is my Kodak printer, my one. Why did you do that? According to the information,
Starting point is 00:19:35 generative AI companies have raised more than $18.8 billion in the first quarter of 2025. After VCs invested $21 billion in Q4, 2024, and $4 billion in Q3, 20204 for a grand total of $43.8 billion, or a total of $370.8 billion of investment and capital expenditures for an industry that, despite being the single most talked about thing on the planet, cannot even create a tenth of the dollars it requires to make it function. These companies are predominantly unprofitable, perpetually searching for product market fit,
Starting point is 00:20:06 and even when they find it seem incapable of generating revenue numbers that remotely justify their valuations. And if I'm honest, I think the truly radical position here is the one taken by most tech reporters that would rather take the lazy position of, well, Uber lost a lot of money than think for two seconds about whether we're all being sold a line of shit. What we're watching is a mountain of waste perpetuated by the least charming fail sons of our generation. Nobody should be giving Satchin Adela or Sam Altman a glossy profile, They should be asking direct, brutal questions, much like Joanna Stern just did of Craig Federigi, who had absolutely fucking nothing to share about why Apple intelligence sucked because he's never been pushed like this.
Starting point is 00:20:42 Put aside the money for a second to be honest, these men are pathetic, unimpressive, uninventive, and dreadfully, dreadfully boring. Anthropics Wario Amadee and Open AIs clammy Sam Altman, a farmer in common with televangelist Joe Olstein, then the level of which Steve Jobs are any number of people that have actually invented things, and I know about Steve Jobs. And they got that way because we took them seriously instead of saying, wait, what do you mean? What do you mean?
Starting point is 00:21:07 What does that mean? To a single one of their wrongheaded oafish and dim-witted hype burps. It's boring. I'm terribly horribly bored. And if you're interested in this shit, I'm genuinely curious why, especially if you're a reporter. Because right now the innovation happening in AI is at best further mutations of the software as a service business model, providing far less value than previous innovations at a calamitous cost. Reasoning models don't even reason is proven by an Apple paper released a few weeks ago
Starting point is 00:21:33 and agents as a concept are fucked because large language models are inherently unreliable. And yes, a study out of fucking sales force found that agents began to break down when given multi-step tasks such as any task that you'd want to have an agent automate. Another podcast from some SNL late night comedy guy, not quite. Unhumor me with Robert Smygle and friends, me and hilarious guests from Jim Gaffigan to Bob Odenkirk to David Letterman help make you funnier. This week, my guest, SNL's Mikey Day and headwriter, Streeter Seidel, help an acapella band with their between songs banter.
Starting point is 00:22:18 There's that worst singer in the group? The worst? Yeah. Me. Is there anything to the idea that because you're from Harvard, you only got in because your parents made a huge donation. The group. The yard birds, right?
Starting point is 00:22:33 That's the name. The Harvard yard, but they're open. Do you have a name suggestion? We're open. since you guys are middle-aged. One erection. Listen to humor me with Robert Smigel and Friends on the IHeart Radio app, Apple Podcasts,
Starting point is 00:22:49 or wherever you get your podcast. Humor me. I need some jokes to make me seem funny. Run a business and not thinking about podcasting, think again. More Americans listen to podcasts than ads-supported streaming music from Spotify and Pandora. And as the number one podcaster, I-heart's twice as large as the next two combined.
Starting point is 00:23:09 So whatever your customers listen to, they'll hear your message. Plus, only IHeart can extend your message to audiences across broadcast radio. Think podcasting can help your business. Think IHart. Streaming, radio, and podcasting. Call 844-844-I-Hart to get started. That's 844-8-4-4-I-Hart. American Soccer is about to explode.
Starting point is 00:23:31 The World Cup is coming. Ramers sending on to Ernie Stewart the Chip. I'm TAB Ramos. I'm Tom Boe. On our podcast, Inside American Soccer, you'll get the real storylines. I'm not worried about Policic. I'm not worried about Balagan. I'm not worried about McKinney. My only concern is what happens in the back.
Starting point is 00:23:56 The biggest decisions. If you're going to look at stats and numbers, he has no shot at making this World Cup team. And the truth about the U.S. national team. It wouldn't be a huge surprise if our team ends up in the quarterfinals or potentially a great run into the semifinals. The World Cup is almost here. Experience it all with us. Listen, Inside American Soccer with Tom Bogart and Tab Ramos on the IHeart Radio app, Apple Podcasts, wherever you get your podcast.
Starting point is 00:24:28 Will Ferrell's Big Money Players and IHeart Podcast presents soccer moms. So I'm Leanne. This is my best friend Janet. And we have been joined at the hips since high school. Absolutely. Now a redacted amount of years later, we're still joined at the hip, just a little bit bigger hips, wider. This is a podcast. We're recording it as we tailgate our youth soccer game.
Starting point is 00:24:46 games in the back of my Honda Odyssey with all the snacks and drink. Sidebar. Why did you get hard seltzer instead of beer? Oh, they had a bogo. Well, then you got it. Do you want a white collar? Some here. Just a again. What are y'all doing? Microphones? Are you making a rap album?
Starting point is 00:25:01 Come on. How did you put? I would buy it. Cuts through the defense like a hot knife through sponge cake. That sounds delicious. Oh, you're lucky. I'm not a drug addict. You're lucky I'm not an alcoholic. You are. You are. I'm not a kid. I love this team and I'm really trying to be a figure in their lives that they can rely on.
Starting point is 00:25:22 Oh. Listen to soccer moms on the IHeart Radio app, Apple Podcasts, or wherever you get your podcasts. But, but, but, but I have one radical suggestion. Let's start making fun of them. Let's start making fun of these people. They're not charming. They're not building anything. They've scooted along amassing billions of dollars promising the world and the last.
Starting point is 00:25:51 you a hell of shit. They deserve our derision, or at the very least our deep unerring suspicion, if not for what they've done, but for what they've not done. Sam Orton is nowhere near delivering a functioning agent, let alone anything approaching intelligence, and really only has one skill, making other companies risk a bunch of money on his stupid fucking ideas. No, really. He convinced Oracle to buy $40 billion of Nvidia chips to put in the Abilene-Texas Stargate Data Center, despite the fact that the Stargate organization is yet to be formed, as reported by the information. SoftBank and Microsoft pay for all of OpenAI's bills and the media does its marketing for him. Open AI is, as I have said before, a banana republic.
Starting point is 00:26:29 It requires the media and the markets to make up why it should exist. It requires other companies to pump it full of money and build its infrastructure, and it doesn't even make products that matter, while Sam Altman constantly talks about all the other exciting shit that people will build that never seems to get built. You can keep honking off about how it will build the API that will power the future. But if that's the case, where's the fucking? future exactly. Where is it? What am I looking at here? Where's the economic activity? Where's the productivity? The returns suck. The costs are too high. Why am I the radical person saying this?
Starting point is 00:27:01 This entire situation is goddamn ridiculous, an incomparable waste, even if it somehow went to the green. For the horrendous amounts of capital and generative AI to make sense, the industry would have to have more revenue than the smartphone and enterprise SaaS market combined, rather than less than half of the mobile gaming industry. Satchinadella. Satchinadella. Sam O'M, Wario Amaday, Tim Cook, Andy Jassy, they deserve to be laughed at, mocked, or at least very heavily interrogated, because their combined might has produced no exciting or interesting products outside of Atpest, what will amount to a productivity upgrade for integrated development environments, and faster ways to throw out code that may or may not be
Starting point is 00:27:38 reliable. These things aren't nothing, but they're nowhere near the something that we've been promised. So I put it to you, dear listener, why are we taking them seriously? What is there to take seriously other than their ability to force stuff on people and make money doing so. And I want to ask you a question. How do they manage to keep doing this? They always seem to find new growth every single quarter, every single quarter without fail. Is it because they keep coming up with ideas or is it because they keep coming up with new ideas to get more money, a vastly different choice that involves increasing the prices of products or making them worse so they can show you more ads?
Starting point is 00:28:12 My positions aren't radical and if you believe they are, your deference to power disgusts me. In any case, I want to end this episode with something a little more inspirational because I believe things can change from regular people feel stronger and more capable. I want you to know that you are fully capable of understanding all of this. I don't care if you think you're not a numbers person or you don't really get business. I don't have a single iota of economics training and everything you've ever heard me say or read me right has been something I've had to learn and I really mean that. I was a layperson right up until the time I learned the stuff. Then I became a stuff noah, just like you can be. The tech industry, the finance industry, the entire mechanisms of capital,
Starting point is 00:28:56 want you to believe that everything they do is magical and complex, when it's all far more obvious than you believe. You don't have to understand the entire fundamentals of finance to know how venture capital works. They buy percentages of companies at evaluation that they hope is much lower than the company would be worth in the future when they sell or go public. You don't need to be technical to know that large language models generate a response based on billions of pieces of training data, and by guessing at what the next bit of text or thing might be in a line should be based on,
Starting point is 00:29:25 based on what they've seen in the model previously. These people love to say things like, ah, but didn't you see, and present some anecdote. When no anecdote will ever defeat the basics of your business does not make enough money, the software does not do the things you claim it's meant to, and you have no path to profitability. They can yammer at you all they want about lots of people using chat GPT, but that doesn't change the fact that chat GPT just isn't that revolutionary, and their only play here is to make you feel stupid rather than actually showing you why it's so fucking revolutionary. This is the argument of a manipulator and a coward, and you're above such things. You don't really have to be a specialist
Starting point is 00:30:00 in anything to pry their shit apart, which is why so much of my work is either engaging to those who learn something from it, or frustrating to those that intentionally deceive others by gobbledy gook, hype spiel, bullshit. I will sit here and explain every fucking part of this horrid chain of freaks, and I'll break it down into whatever pieces it takes to educate as many people as I have to to make things change. I need to be clear about something. I'm nobody.
Starting point is 00:30:25 I started writing my news later with 300 subscribers and no other reason than the fact that I wanted to when I was depressed. And guess what? Four years later, I've nearly 65,000 subscribers and award-winning podcast, and people actually pay me for shit. I have no economics training, no special access, no deep sources, just the ability to look at things that are happening, and then I say stuff.
Starting point is 00:30:45 I taught myself everything I know about this industry, and there is nothing stopping you from doing the same. I was convinced I was stupid until about two years ago, though, if I'm honest, it might have been last year. I felt other, the majority of my life, convinced by people that I'm incapable or unwelcome, and as such, I've become more articulate and confident in who I am and what I believe in.
Starting point is 00:31:04 And I've noticed that the only people that seek to, to degrade or suppress are those of weak minds and weaker wills, business idiots in different forms and flavors. I've learned to accept who I am, that I'm not like most people, and people conflate my passion and vigor with anger or hate when what they're experiencing is somebody different who deeply resents what the powerful have done to the computer. And while I complain about the state of the media, what I've seen in the last year is that there are many, many people like me, readers, listeners and peers, that resent things in the
Starting point is 00:31:31 same way. I conflated different with being alone, and I couldn't have been more wrong. For those of you that don't wish to lick the boots of the people fucking up every tech product, the tent is large, it's a big club and you're absolutely in it. A better tech industry is one where the people writing about it hold it accountable, pushing it towards creating the experiences and connectivity that truly change the world rather than repeating and reinforcing the status quo. Don't watch the mouth, watch the hands.
Starting point is 00:31:57 These companies will tell you that they're amazing as many times as they want, but you don't need to prove that. They do. I don't care if you tell a single human soul about my work, If it helps you understand these people better, use it to teach other people. Now, these tech executives, they may seem more powerful, but they've built the rot economy and a combination of anonymity and a placent press. But pressure against them starts with you, and those you know understanding how those
Starting point is 00:32:22 businesses work, and trusting that you can understand because you absolutely fucking can. Millions of people understanding how these people run their companies and how poorly they've built their software will stop people like sundarper shy from being able to quietly burn Google search to the ground. People like Sam Orkman are gambling that you're easily confused, easily defeated, and incurious when you could be writing thousands of words on a newsletter or speaking for hours on a podcast that you never ever really edit for like brevity or perhaps you go on a site. No, you ever hear Killer Be Killed? Great metal badge. You give them a lesson. Anyway, I know it sounds smaller and like your role is even smaller than that, but the reason they've grown so rapaciously
Starting point is 00:33:01 is driven by the sense that the work they do is some sort of black magic. I mean, it's actually really fucking stupid boring finance stapled onto a take industry that's run out of ideas. You are more than capable of understanding this entire world, including the technology along with the finances that ultimately decide what technology gets made next. These people have got rich and famous and escaped all blame by casting themselves as somehow above us, but if I'm honest, I've never looked down on somebody quite as much as I do, the current gaggle of management consultant fucks that have driven Silicon Valley into the ground. You're actually smarter than them.
Starting point is 00:33:35 You can learn all of this, and I'm here to help you every fucking week. Thank you for your time. Thank you for listening to Better Offline. The editor and composer of the Better Offline theme song is Mattersowski. You can check out more of his music and audio projects at Mattersowski.com. You can email me at E-Z at Better Offline.com or visit Better Offline.com to find more podcast links and of course my newsletter. I also really recommend you go to chat. Where's Your Ed.at to visit the Discord
Starting point is 00:34:14 and go to our slash Better Offline to check out our Reddit. Thank you so much for listening. Better Offline is a production of Cool Zone Media. For more from Cool Zone Media, visit our website, coolzonemedia.com, or check us out on the IHeartRadio app, Apple Podcasts, or wherever you get your podcast.
Starting point is 00:34:52 Another podcast from some SNL, late-night comedy guy, not quite. Unhumor me with Robert Smygel and friends. me and hilarious guests from Bob Odenkirk to David Letterman help make you funnier. This week, my guest, SNL's Mikey Day and head writer Streeter Seidel, help an a cappella band with their between songs banter. Where does your group perform? We do some retirement homes.
Starting point is 00:35:14 Those people are starving for banter. Listen to humor me with Robert Smigel and friends on the IHeart Radio app, Apple Podcasts, or wherever you get your podcasts. Why are we all so obsessed with romance? On the Radio 831 podcast, join us. Sanjana Basker and Tyler McCall, as we unpack all the trending tropes, fuzzy adaptations, book talk drama, and celebrity love stories with hot takes and sharp guests. Each episode digs into what these stories reveal about desire, fantasy, identity, and how we love now.
Starting point is 00:35:46 Listen to the Radio 831 podcast on the IHeart Radio app, Apple Podcasts, or wherever you get your podcasts. American soccer is about to explode. The World Cup is coming. Ramers sending on to Ernie Stewart, the chip. Score! I'm Tab Ramos. I'm Tom Boehner. On our podcast, Inside American Soccer,
Starting point is 00:36:08 you'll get the real storylines, the biggest decisions, and the truth about the U.S. national team. It wouldn't be a huge surprise if our team ends up in the quarterfinals or potentially a great run into the semifinals. Listen, Inside American Soccer with Tom Bogart and Tab Ramos on the IHeart Radio app, Apple Podcast,
Starting point is 00:36:26 wherever you get your podcast. Will Ferrell's Big Money Players and IHart Podcast presents soccer moms. So I'm Leanne. Yeah. This is my best friend, Janet. Hey. And we have been joined at the hips since high school. Absolutely.
Starting point is 00:36:38 A redacted amount of years later, we're still joined at the hip. Just a little bit bigger hips. This is a podcast. We're recording it as we tailgate our youth soccer games in the back of my Honda Odyssey. With all the snacks and drinks. Why did you get hard seltzer instead of beer? They hit a bogo. Well, then you got it.
Starting point is 00:36:55 Listen to soccer moms on the IHeart Radio app, Apple. podcasts or wherever you get your podcasts. This is an I-Heart podcast. Guaranteed Human.

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