Comment by RachelF
5 hours ago
Very true. The problem is mainstream business media hasn't asked the questions that Zitron has.
So, much like current US politics, we're left with hype on both sides. That's all that gets the clicks/attention, and little balanced analysis in the middle.
This isn't true though. There is significant discussion in the financial media about the valuations of AI-related companies, the financing of the AI infrastructure buildout, etc. Academics are talking about it. Investment banks are talking about it. Policy people are talking about it.
Zitron is one of the loudest voices and he attracts attention because his thesis is so black and white: it's all a scam, there's no value, it's all going to $0, the sky is falling.
As a PR shill, he was obviously clued in to the fact that a lot of people prefer black and white, oversimplified and bombastic theses. To buy into Zitron's ideas (and pay him $70/year), you don't need to understand how AI works. You don't need to understand the difference between capex and opex. You don't need to know how to read a balance sheet or financial statement. All you need to do is believe that everything is a massive fraud.