Why The A.I. Revolution Is Built on a House of Cards

Video Description

AI is booming, but the foundation underneath it might be cracking. It doesn’t take much investigative reporting to look at the vast spending on data centers and GPUs, and cross-investing between OpenAI, Nvidia, and others is crafting a shaky ground for trillion-dollar investments. Everyone is asking the same question: Is the AI bubble about to burst? In this episode, we take a look at this ever-growing bubble, from hyperscalers taking on massive GPU-backed debt to tech giants spending more than ever just to keep up. How did this bubble develop, and what’s at stake if it pops. 📰 Stories Mentioned & Source Links 📰 JPMorgan: The Blob – Eye on the Market (PDF) (https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/insights/eye-on-the-market/the-blob-amv.pdf) Tom’s Hardware: Nvidia Dominates GPU Shipments With 94% Share (https://www.tomshardware.com/pc-components/gpus/nvidia-dominates-gpu-shipments-with-94-percent-share-shipment-surge-likely-caused-by-customers-getting-ahead-of-tariffs) Tom's Hardware The New York Times: How Nvidia Built a Competitive Moat Around A.I. Chips (https://www.nytimes.com/2023/08/21/technology/nvidia-ai-chips-gpu.html) Newegg: “5090” Search Results (https://www.newegg.com/p/pl?d=5090) Reuters: Exclusive: Samsung hikes memory chip prices by up to 60% as shortage worsens, sources say (https://www.reuters.com/world/china/samsung-hikes-memory-chip-prices-by-up-60-shortage-worsens-sources-say-2025-11-14/) Reuters Tom’s Hardware: Nvidia's next-gen Blackwell AI Superchips could cost up to $70,000 (https://www.tomshardware.com/pc-components/gpus/nvidias-next-gen-blackwell-ai-gpus-to-cost-up-to-dollar70000-fully-equipped-servers-range-up-to-dollar3000000-report) Tom's Hardware+1 SiliconBeat: The Rise and Fall of Microsoft’s Sex Robot (https://web.archive.org/web/20160325213945/http://www.siliconbeat.com/2016/03/25/the-rise-and-fall-of-microsofts-hitler-loving-sex-robot/) Reuters: Altman touts trillion-dollar AI vision as OpenAI restructures to chase scale (https://www.reuters.com/sustainability/land-use-biodiversity/altman-touts-trillion-dollar-ai-vision-openai-restructures-chase-scale-2025-10-29/) Fortune: OpenAI says it plans to report stunning annual losses through 2028 (https://fortune.com/2025/11/12/openai-cash-burn-rate-annual-losses-2028-profitable-2030-financial-documents/) Where’s Your Ed At: Here's How Much OpenAI Spends On Inference and Its Revenue Share With Microsoft (https://www.wheresyoured.at/oai_docs/) The New York Times: How OpenAI Uses Complex and Circular Deals to Fuel Its Multibillion-Dollar Rise (https://www.nytimes.com/interactive/2025/10/31/technology/openai-fundraising-deals.html) Public Enterprise: Bubble or Nothing (PDF) (https://publicenterprise.org/wp-content/uploads/Bubble-or-Nothing.pdf) The Verge: I Looked Into CoreWeave and The Abyss Gazed Back (https://www.theverge.com/ai-artificial-intelligence/822011/coreweave-debt-data-center-ai) Where’s Your Ed At: CoreWeave Is A Time Bomb (https://www.wheresyoured.at/core-incompetency/) Bloomberg: Crypto Miner Evokes ‘Barbarians at the Gate’ With Huge Junk Deal (https://www.bloomberg.com/news/articles/2025-10-24/crypto-miner-evokes-barbarians-at-the-gate-with-huge-junk-deal) TechCrunch: OpenAI Warns Against SPVs and Other Unauthorized Investments (https://techcrunch.com/2025/08/23/openai-warns-against-spvs-and-other-unauthorized-investments/) X: Tracy Alloway on the AI Bubble (https://x.com/tracyalloway/status/1989051937556427155?s=20) Coca-Cola (YouTube): Holidays Are Coming (https://www.youtube.com/watch?v=Yy6fByUmPuE) WIRED: Dr. ChatGPT Will See You Now (https://www.wired.com/story/dr-chatgpt-will-see-you-now-artificial-intelligence-llms-openai-health-diagnoses/) NPR: Their teenage sons died by suicide. Now, they are sounding an alarm about AI chatbots (https://www.npr.org/sections/shots-health-news/2025/09/19/nx-s1-5545749/ai-chatbots-safety-openai-meta-characterai-teens-suicide) CNN: Trump renews effort to block states from regulating AI, raising alarms about safety (https://www.cnn.com/2025/11/20/tech/trump-eo-block-state-ai-regulations-safety-concerns) The New York Times: OpenAI’s Sora Makes Disinformation Extremely Easy and Extremely Real (https://www.nytimes.com/2025/10/03/technology/sora-openai-video-disinformation.html) NBC News: Police cameras track billions of license plates per month (https://www.nbcnews.com/tech/tech-news/flock-police-cameras-scan-billions-month-sparking-protests-rcna230037) KDVR: Police Use Flock Cameras to Wrongfully Accuse Denver Woman of Theft (https://kdvr.com/news/local/police-use-flock-cameras-to-wrongfully-accuse-denver-woman-of-theft/) 404 Media: ICE, Secret Service, and Navy Had Access to Flock’s Nationwide Network of Cameras (https://www.404media.co/ice-secret-service-navy-all-had-access-to-flocks-nationwide-network-of-cameras/) AXIOS on HBO (YouTube): Alex Karp, CEO of Palantir (Promo) (https://youtu.be/AzY7H_rr0w4?si=6h0nQf2vuMCz7Gop)