AI Skeptic: This Business Makes No Sense
5/14/202644 min
Ed Elson is joined by Ed Zitron to discuss the state of the AI industry (read: bubble). Zitron argues that every AI startup is unprofitable at its core. Then James Kynge breaks down what to expect from President Trump’s visit to China. Finally, Ed digs into data from the producer price index and what it could signal for inflation and the broader economy. Ed Zitron is the author of the Where’s Your Ed At Newsletter, and the Better Offline Podcast. James Kynge is the host of the Prof G Media’s China Decode podcast and Senior Research Fellow at Chatham House. Get your tickets to the Prof G Markets tour Subscribe to the Prof G Markets Youtube Channel Check out our latest Prof G Markets newsletter Follow Prof G Markets on Instagram Follow Ed on Instagram, X and Substack Follow Scott on Instagram Send us your questions or comments by emailing Markets@profgmedia.com Learn more about your ad choices. Visit podcastchoices.com/adchoices
Clips
Transcript preview
First 90 secondsEd Zitron· Guest0:00
Hank joined BJ's Wholesale Club the day he became a father of 30.
Speaker 10:03
I coach football.
Ed Zitron· Guest0:04
Now Coach Hank saves up to 25% off grocery store prices. 30 pounds of pasta, three cases of protein bars, 75 sports drinks.
Speaker 10:13
And that's just pre-game.
Ed Zitron· Guest0:14
He knows teamwork, and BJ's knows savings. This is your home, Coach, home of the save. Join for just $20 at bjs.com/grandprairie and save 10 cents a gallon on gas for six months. Open soon. Limited time offer. New members only. BJ's, home of the save.
Speaker 10:29
Study [graphic whooshes] and play [gentle music] come together- Come together on a Windows 11 PC. And for a limited time, college students get [explosion booms] the best- Of both worlds. Get the unreal college deal. Everything you need to study and play with select Windows 11 PCs. Eligible students get a year of Microsoft 365 Premium and a year of Xbox Game Pass Ultimate with a custom color Xbox wireless controller. Learn more at windows.com/studentoffer, while supplies last. Ends June 30th. Terms at aka.ms/collegepc.
Speaker 30:59
[upbeat music] This episode is brought to you by State Farm. You know those friends who support your preference for podcasts over music on road trips? That's the energy State Farm brings to insurance. With over 19,000 local agents, they help you find the coverage that fits your needs so you can spend less time worrying about insurance and more time enjoying the ride. Download the State Farm app or go online at statefarm.com. Like a good neighbor, State Farm is there.
Ed Elson· Host1:26
Today's number, two. That's the number