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Better Offline — Monologue: Concentration Risk
Buzzing ratingBUZZING· 75%10m·2026-09-04·Technology

Monologue: Concentration Risk

Better Offline

In this week's Better Offline monologue, Ed Zitron runs through how 80% of Anthropic and OpenAI’s enterprise revenues come from the top 1% of its customers, and how the entire AI bubble is a series of different concentration risks supported by venture capital and debt. Newsletter:…

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What people are saying

“That intro deserves a like straight away.”

— @xo2dc · YouTube comment

“There was a Monty Python sketch where a city turned to magic to save money building apartments. The apartments were fine AS LONG AS YOU BELIEVED IN THEM. One tenant nearly collapses a whole tower because of momentary skepticism. This was 50…”

— @michaelgrant6332 · YouTube comment

“The biggest misallocation of capital in this history of the world, proving that humanity never learns anything.”

— @JesseMaurais · YouTube comment

“Don't call it a bubble, call it "the bubble".”

— @FlyWithFitz81 · YouTube comment

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