Against The Machine
Against the Machine discusses Tech and Culture in Crypto, DeFi and Metaverse as blockchain technologies is shaping the future of businesses around the world. Disclaimer: This is not a financial advice and you are responsible for your own investing decisions.
Against The Machine
Is AI the Next Revolution—or the Biggest Bubble Since Dot-Com?
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Singular Global
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Big Tech spent $560B on AI and made $35B back—no profits, just GPUs and vibes.
We break down why NVIDIA is propping up the market, why AI agents don’t work, and why the AI boom looks increasingly brittle under the hood.
In this episode, we dissect the AI trade using hard data:
- $560B in capex from the Magnificent 7
- $35B in AI revenue
- No sustainable profits—except for NVIDIA
We cover:
- Why NVIDIA is the single point of failure for US equities
- How OpenAI and Anthropic extract value from their own customers
- Why “agents” are marketing fiction
- And why AI startups scale by burning cash, not building moats
This isn’t contrarianism.
It’s what the balance sheets are saying—quietly.