This Silicon Valley insider just exposed Sam Altman and Dario Amodei of running a con on the entire world.
Ed Zitron founded a tech PR agency in 2013 and has spent 13 years being paid to make tech companies look good to reporters.
A trade list of the top 50 PR people in tech has named him four separate times.
In June he obtained OpenAI's audited financial statements and published them.
He just sat down with Steven Bartlett and said:
"I think generative AI is at its heart a con."
And he also explained whyโฆ
OpenAI booked $13.07 billion of revenue in 2025 and spent $34 billion getting it. The operating loss came to $20.92 billion.
Research and development alone cost $19.18 billion.
That's more than the company's entire revenue.
And the same filings show where a lot of it went: OpenAI paid Microsoft $17.2 billion last year. Microsoft paid OpenAI $303 million back.
But this is where it gets really interestingโฆ
You have never once paid what any of this actually costs.
SemiAnalysis bought every subscription tier OpenAI and Anthropic sell, then ran coding tasks until the weekly limits died. The gap they found is huge: A $200 ChatGPT Pro plan absorbed $14,000 worth of tokens at list API prices. Claude Max absorbed $8,000.
OpenAI starts losing money on a Plus subscriber the moment that person uses 11.4% of what they're allowed.
So every impression you have of these tools was formed while somebody else covered the bill.
Uber found out what the honest price looks like.
The company burned through its ENTIRE annual AI budget by April. President and COO Andrew Macdonald said the costs were getting hard to justify. Engineers there are now capped at $1,500 a month per coding tool.
That's one of the most sophisticated technology companies on Earth putting its own staff on a leash.
Zitron's argument is that the demand everyone points to was never real. It's demand at a price nobody has been asked to pay yet.
But the money loop is whatโs really concerning here:
Nvidia holds equity in CoreWeave, sells CoreWeave the chips, and signed a backstop with an initial value of $6.3 billion.
CoreWeave's own filing shows us the terms: When its data center capacity isn't fully used by its own customers, Nvidia is OBLIGATED to buy the unsold capacity. That obligation runs through April 2032.
So Nvidia sells the GPUs, funds the buyer, and guarantees the demand.
Then CoreWeave walks into a bank holding a signed customer contract and borrows against it.
Zitron's read on that: If you want to build a profitable business, a bank tells you to get lost. If you want to buy GPUs, it's open season.
And Anthropic complicates his case.
The company is running at a $47 billion revenue run rate and projected an operating profit for the second quarter of this year. Amazon lost money for over a decade before AWS turned. Hundreds of millions of people use these products daily and that adoption isn't fake.
If you think about it like that, this is every infrastructure build that got called insane right before it worked.
Zitron says the difference is the size of the hole. Amazon burned $29.7 billion across 12 years. OpenAI burned $21 billion in 12 MONTHS and has pledged roughly $600 billion toward infrastructure through 2030.
Asked what would change his mind, he said a hardware breakthrough that cuts the cost by a thousand.
Nobody has one.
So this ends in a crash that takes ordinary retirement accounts down with it. The companies that own those revealing numbers won't publish them at all.
Only one of those two is hiding something.
And most retirement money in America is already indexed to the companies doing the hiding.
This wonโt end well.
@DeRavissante Bah, wat een nare ervaring voor je! Ik zou zeker een melding bij de directie doen. Niet dat het jou helpt maar door de directie op dit gedrag van deze medewerker te attenderen hebben ze wellicht iets concreets in handen om maatregelen te treffen. Sowieso goed gehandeld! ๐
The purpose of the U.S. Air Force C-17A Globemaster III (tail 07-7181, callsign RCH/REACH 4555) landing at Moscowโs Vnukovo Airport on the morning of 25th August, 2026, remains officially unknown as of right now.
Neither the U.S. side (Air Force, European Command, White House, or embassy) nor Russian authorities have provided any formal explanation as of yet.
Kremlin spokesman Dmitry Peskov stated the Kremlin has โno informationโ on the aircraft or its purpose and confirmed there are no planned meetings with U.S. administration officials in Moscow this week.