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Don't Know Why GenAI is a Ponzi Scheme

Don't Know Why GenAI is a Ponzi Scheme

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 In this episode, we ask a question that feels mildly illegal to say out loud in 2026: is Generative AI basically a Ponzi scheme? From OpenAI's eye-watering losses to Nvidia selling $40,000 GPUs like they're limited-edition sneakers, we unpack the very small circle of companies pumping billions into each other while insisting this is the future of humanity. Microsoft invests in OpenAI. Nvidia invests in companies that buy Nvidia chips. Those companies build data centers to power tools that still hallucinate confidently incorrect nonsense. Everyone claps. The debt piles up. Repeat. This episode is peak comedy commentary meets uncomfortable finance reality. It's offbeat learning about GPUs, venture capital, debt bubbles, and data centre mania, packed with quirky insights into how circular investing works when everyone is funding everyone else. Consider it lighthearted education about a not-so-light situation, blending tech skepticism with the kind of random topics that somehow connect Silicon Valley egos, environmental destruction, and your LinkedIn feed. If you've ever wondered who is actually making money in the AI boom, this episode might ruin the vibe. In the best way. Important links: 1. Zuckerberg's Grand Vision: Most of Your Friends Will Be AI - https://www.wsj.com/tech/ai/mark-zuckerberg-ai-digital-future-0bb04de7 2. How AI Datacenters Eat the World - https://www.youtube.com/watch?v=dhqoTku-HAA 3. The leading generative AI companies - https://iot-analytics.com/leading-generative-ai-companies/ 4. NVIDIA H100 Price Guide 2026: GPU Costs, Cloud Pricing & Buy vs Rent - https://docs.jarvislabs.ai/blog/h100-price 5. Inside the world's most powerful AI datacenter - https://blogs.microsoft.com/blog/2025/09/18/inside-the-worlds-most-powerful-ai-datacenter/ 6. Nvidia-backed Nscale raises $1.1bn in investor frenzy over AI infrastructure - https://www.ft.com/content/43fa049a-5d89-42f6-a657-36c42dd88fce 7. Tracking NScale's funding - https://platform.tracxn.com/a/d/company/58be5446e4b0b138a464d258/nscale.com#a:funding-and-investors 8. Nscale Contracts Approximately 200,000 NVIDIA GB300 GPUs with Microsoft to Deliver NVIDIA AI Infrastructure Across Europe and the U.S. - https://www.nscale.com/press-releases/nscale-microsoft-2025 9. The Oracle and Nvidia shebang - https://x.com/SullyOmarr/status/1970176527137718654 10. Nscale Announces $433 Million Pre-Series C SAFE, Building on Historic $1.1B Series B Momentum - https://www.nscale.com/press-releases/nscale-pre-series-c-safe 11. Here's why concerns about an AI bubble are bigger than ever - https://www.npr.org/2025/11/23/nx-s1-5615410/ai-bubble-nvidia-openai-revenue-bust-data-centers 12. MIT report: 95% of generative AI pilots at companies are failing - https://fortune.com/2025/08/18/mit-report-95-percent-generative-ai-pilots-at-companies-failing-cfo/ 13. 55% of businesses admit wrong decisions in making employees redundant when bringing AI into the workforce - https://www.orgvue.com/news/55-of-businesses-admit-wrong-decisions-in-making-employees-redundant-when-bringing-ai-into-the-workforce/ 14. Company Regrets Replacing All Those Pesky Human Workers With AI, Just Wants Its Humans Back - https://futurism.com/klarna-openai-humans-ai-back Don't Know, Do Care is the brainchild of Ashmita, Sandy, and Prakhar, three friends from different backgrounds and interests. Ashmita works in sustainability, Sandy's an entrepreneur (puke) who'd rather not be, and Prakhar works with Sandy and is just trying to make sense of it all. Three mildly confused friends, one weirdly specific topic each week. We don't know much, but we care just enough to talk about it for up to an hour each week. Don't Know, Do Care is produced by "Ghar Pe Productions", edited by Prakhar and Sandy, critiqued (thoroughly) by Ashmita, and enjoyed mostly by our friends. Thanks for giving us a listen!
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