The Great AI Reckoning: OpenAI, Data Centers, and the Coming Crash … or Bailout | 6/18/26

The AI industry promised a technological revolution. Instead, some of the biggest players are burning billions of dollars while demanding more data centers, more energy, more subsidies, and more government support. Meanwhile, their models — and the business model undergirding it — are rapidly failing. I’m joined by AI pioneer Gary Marcus to expose the growing cracks in the generative AI business model. OpenAI is reportedly losing tens of billions, while major tech companies slash token usage, cut spending, and confront the reality that the economics simply don't add up. Real AI innovation is moving away from the data center and LLM model at a time when companies are tripling down on debt-driven spending to prop it up. The future of AI will not look like ChatGPT. It is those tech bros, and the politicians who support them, who are holding up true technological innovation. Separately, but relatedly, I break down the latest political capitulations on the Iran deal, immigration, and how the "America First" agenda is being sold out to corporate interests. Learn more about your ad choices. Visit megaphone.fm/adchoices