

Monologue: Concentration Risk
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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“That intro deserves a like straight away.”
“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…”
“The biggest misallocation of capital in this history of the world, proving that humanity never learns anything.”
“Don't call it a bubble, call it "the bubble".”
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