Tech Insider WARNS: "You Are Not Prepared For 2027"

Tech critic Ed Zitron, host of the Better Offline podcast and one of the most cited voices warning that AI is a bubble, lays out a detailed case for why he believes a crash is coming, and why ordinary people's retirements could be the biggest casualty. Zitron argues we are not just in an AI bubble but what he calls a "RotCom" bubble, and that the collapse likely begins with one company running out of money: OpenAI. He explains that OpenAI needs to raise at least 100 billion dollars a year just to survive, that its planned public listing has been pushed back, and that if it can't go public, a chain of companies tied to it (SoftBank, Oracle, and the big cloud providers) are all exposed. Oracle, he notes, is building over 400 billion dollars of data centers largely for OpenAI, and its revenue has been flat for 15 years when adjusted for inflation. Without OpenAI, he argues, Oracle is in serious trouble. He then explains the domino effect that worries him most. Nvidia is the largest company in the S&P 500 and NASDAQ, making up 7 to 8% of the index, and he believes its revenue could fall 50 to 70% because of what he describes as circular financing (Nvidia funding companies that then raise debt to buy more of its GPUs). When that unwinds, he believes Amazon, Google, Microsoft, and Meta will have to restate their growth guidance, triggering a market pullback. Discover: • Why Zitron believes an AI crash could begin as early as 2027 • How the collapse of one company could trigger a domino effect • Why he believes Nvidia's revenue could fall 50 to 70% • Why ordinary people's retirements are the biggest risk • How circular financing is inflating the AI industry • Why he compares today's bubble to the dot-com crash but bigger • What he personally does with his money (and why) • Why he says to distrust the promises tech companies make 📺 Watch the full episode here -    • The Man Who Calls BS On AI: They’re LYING ...   ❤️ Subscribe to our main channel -    / thediaryofaceo   Get your hands on exclusive Diary of a CEO products: https://thediary.com/collections/all?... #thediaryofaceo #doac