Better Offline

The Enshittifinancial Crisis: Part Four

January 23, 2026·34 min·4-min readsolotechnology
Podzilla Summary (4 min)
TLDR
The AI industry is a debt-fueled, unprofitable bubble built on nonexistent demand, where every player — from startups to hyperscalers — relies on subsidies, venture capital, or debt to survive, and the entire financial system is exposed to collapse when the chain of pain finally breaks.


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Mentions

Books, people, and resources mentioned in this episode.

People

Jensen Huang

Companies

Deutsche BankMorgan StanleySMBCGoldman SachsNvidiaOracleCoreWeaveOpenAIAnthropic

Topics

Artificial IntelligenceBankingEconomicsFinancial IndependenceMachine LearningStartupsVenture Capital

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