Let AI Burn

Zitron Squeeze · Jul 8, 2026 · 8m

The hard question here isn't whether generative AI is impressive. It's whether the money pouring into it reflects durable demand, or a financing loop mistaking spend for traction.

The core bubble thesis

Weak commercial demand

GPUs, data centers, and overbuild

Private credit and hidden exposure

SoftBank and concentrated bets

Too big to fail, or just very expensive

AGI narratives and fandom

What a bust would actually hit

Source:

Ed Zitron's Where's Your Ed At — Let AI Burn

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