Where's Your Ed At

Ed Zitron argues that the AI bubble is entering a severe crisis driven by multiple converging pressures: Iran's closure of the Strait of Hormuz causing oil and gas price spikes (natural gas up 50%), which will raise data center operating costs, increase inflation, and potentially force interest rate hikes that make the debt-fueled AI infrastructure buildout far more expensive. He also presents detailed analysis of Anthropic's financials, showing that a CFO affidavit filed in a DoD lawsuit reveals Anthropic's lifetime revenue 'to date' is only $5 billion — contradicting widely-reported annualized revenue figures that implied $4.5 billion in 2025 alone. Zitron concludes with a broader critique of how media, investors, and analysts rely on historical analogies to justify the AI bubble rather than critically evaluating present realities, arguing this era is fundamentally different from past tech cycles.

The Beginning Of History

The Consequences of Building Everything On Debt