What _is_ OpenAI? I realize you might say "a foundation model lab" or "the company that runs ChatGPT," but that doesn't really give the full picture of everything it’s promised, or claimed, or leaked that it was or would be. No, really,

**Soundtrack: Queens of the Stone Age -****_First It Giveth_** **Before we go any further:** This is, for the third time this year, the longest newsletter I've ever written, weighing in somewhere around 18,500 words. I've written it specifically to be read at your leisure

Shortly before publishing this newsletter, I spoke with Gil Luria, Managing Director and Analyst at D.A. Davidson, and asked him whether the capital was there to build the 17 Gigawatts of capacity that OpenAI has promised. He said the following: > No of course there isn't enough capital

NVIDIA has become a giant, unhealthy rock on which the US markets — and to some extent the US economy — sits, _representing 7-to-8% of the value of the market_ and _a large percentage of the $400 billion in expected AI data center capex_ expected to be spent this year,

This week, something _strange_ happened. Oracle, a company that had just missed on its earnings and revenue estimates, _saw a more-than-39% single day bump in its stock_, leading a massive market rally. Why? Because it said its remaining performance obligations — contracts signed that its customers yet to pay —

_Hello and welcome to another premium newsletter. Thanks as ever for subscribing, and please email me at [email protected] to say hello._ * * * As I've written _again_ and _again_, the costs of running generative AI _do not make sense._ Every _single_ company offering any kind of generative AI

**Soundtrack:****_The Dillinger Escape Plan - One Of Us Is The Killer_** * * * _An MIT study found_ that 95% of organizations are getting "zero return" from generative AI, seemingly every major outlet is now writing an "are we in a bubble?" story, and now _Meta has frozen_

**Editor 's Note:** For those of you reading via email, I recommend opening this in a browser so you can use the Table of Contents. This is my longest newsletter - a 16,000-word-long opus - and if you like it, please subscribe to my premium newsletter. Thanks for

_Welcome to another premium edition of Where 's Your Ed At! Please subscribe to it so I can continue to drink 80 Diet Cokes a day. Email me at [email protected] with the subject "premium" if you ever want to chat. I realize this is before_

_Thanks for subscribing to Where ’s Your Ed At Premium, please shoot me an email at [email protected]__ _if you ever have any questions._ Yesterday, _OpenAI launched GPT-5_, a new “flagship” model of some sort that’s allegedly better at coding and writing, but upon

In the last week, we’ve had no less than _three_ _different_ _pieces_ asking whether the massive proliferation of data centers is a massive bubble, and though they, at times, seem to take the default position of AI’s inevitable value, they’ve begun to sour on

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Earlier in the week, _the Wall Street Journal reported_ that SoftBank and OpenAI's "$500 billion" "AI Project" was now setting a "more modest goal of building a small data center by year-end." To quote: > A $500 billion effort unveiled _at the White_

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Hello premium subscribers! Today I have the first guest post I've ever commissioned (read: paid) on Where's Your Ed At - Nik Suresh, one of the greatest living business and tech writers, best-known for his piece I Will Fucking Piledrive You If You Mention AI Again

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**Hello premium customers!** Feel free to get in touch at [email protected] if you're ever feeling chatty. And if you're not one yet, I'm sorry that I paywalled this, but it took me so much effort and drove me a little insane. * * * Back

Have you ever heard Sam Altman speak? I’m serious, have you ever heard this man say words from his mouth? Here is but one of the trenchant insights from Sam Altman in _his agonizing 37-minute-long podcast conversation with his brother Jack Altman from last week_: > _**“** I_

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**_Hello Where ’s Your Ed At Subscribers! I’ve started a premium version of this newsletter with a weekly Friday column where I go over the most meaningful news and give my views, which I guess is what you’d expect. Anyway, it’s $7 a_**

Soundtrack: _Queens of the Stone Age - Villains of Circumstance_ Listen to my podcast Better Offline if you haven't already. * * * I want my fucking tech industry back. Maybe you think I sound insane, but technology means a lot to me. It’s the way that

Next year is going to be _big._ Well, I personally don't think it'll be big, but if you ask the AI industry, here's the things that will happen by the end of 2026: * According to the Financial Times, _OpenAI 's Stargate data center_

**_Fair warning: this is the longest thing I 've written on this newsletter. I do apologize._** **_Soundtrack: EL-P - $4 Vic_** ** _Listen to my podcast_**** _Better Offline_**** _. We have_**** _merch_**** _._** * * * Last week,___Bloomberg profiled Microsoft CEO Satya Nadella_, revealing that he's either a liar or a specific

**_Like this newsletter? Why not listen to the podcast version on Better Offline?_****_Part 1 is out now_**** _(_****_here 're other links_**** _), and Part 2 comes out Friday May 2nd!_** * * * I'm sick and god-damn tired of this! I have written tens of thousands of words about this

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