Big Tech Just Admitted AI Was A Lie. Gavin Hollowell [da68uscl1WZ]

Welcome back to another video! Three days ago, big tech chuck schumer quietly admitted the whole AI boom is a lie. On July 1st, one of the biggest companies on the planet became the first to confess it southampton fc has "excess AI compute capacity", meaning they spent hundreds of billions building data centers for demand that doesn't exist. The second it slipped out, the entire semiconductor market tanked. The scale is insane. The five biggest cloud giants are on track to spend over a trillion dollars on AI by the end of 2026. Unprofitable AI startups are being propped up by the same giants selling it. A closed money loop with nothing real at the end.

This is literally just the dot com bubble repeating again

Chapters:

0:00 - Meta Blows the AI Bubble Wide Open

1:42 - The $1 Trillion Hype Loop vs... reality (and the dot com bubble)

5:22 - Why Corporate AI Demand is collapsing

8:40 - Outro

some stuff with interesting information:

Ed Zitron on the AI data center crisis: (Goated)

my gear (amazon associate):

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alt-titles:

big tech just admitted ai was a lie.

big tech just wasted a trillion on ai.

tech giants are quietly panicking over ai.

Fun fact... im pretty sure there's a AI datacenter rickie fowler pga championship 2026 being built in my city