{
  "generatedAt": "2026-10-08T17:44:57Z",
  "disclaimer": "Analysis and opinion, not investment advice.",
  "kind": "person",
  "slug": "ed-zitron",
  "name": "Ed Zitron",
  "role": null,
  "url": "https://deepstack.ltd/people/ed-zitron/",
  "api": "https://deepstack.ltd/api/v1/entities/people/ed-zitron.json",
  "summary": "Ed Zitron appears in Part 6, Part 8, Part 10 of The Buildout. Part 6: Power Doesn’t Depreciate. Its Premium Moves.; Part 8: AI Lenders Are Financing the End of Scarcity; Part 10: The Bubble Is in the Denominator. Argued in Part 8 (A closed loop).",
  "parts": [
    {
      "part": 6,
      "headline": "Power Doesn’t Depreciate. Its Premium Moves.",
      "url": "https://deepstack.ltd/stories/power-doesnt-depreciate/"
    },
    {
      "part": 8,
      "headline": "AI Lenders Are Financing the End of Scarcity",
      "url": "https://deepstack.ltd/stories/the-scarcity-is-the-collateral/"
    },
    {
      "part": 10,
      "headline": "The Bubble Is in the Denominator",
      "url": "https://deepstack.ltd/stories/the-bubble-is-in-the-denominator/"
    }
  ],
  "numbers": [],
  "mentions": [
    {
      "part": 6,
      "section": "Scarcity has three faces",
      "excerpt": "Steve Eisman, in a conversation with Ed Zitron, draws the darker inference: data centers are harder and costlier to build than planned, gigawatt projects are late, and every month of slippage gives customers who already lose money more time to stumble.",
      "url": "https://deepstack.ltd/stories/power-doesnt-depreciate/"
    },
    {
      "part": 8,
      "section": "Cash, or a loop",
      "excerpt": "Ed Zitron said Alphabet, Amazon, Meta and Microsoft have together spent over $1 trillion on Nvidia GPUs, mostly to win the business of OpenAI and Anthropic, two companies they also help fund and that both lose heavily.",
      "url": "https://deepstack.ltd/stories/the-scarcity-is-the-collateral/"
    },
    {
      "part": 10,
      "section": "Who writes the checks",
      "excerpt": "Against that growth sits the loss-making base of the chain: Steve Eisman, in an episode with Ed Zitron, cited OpenAI’s $20.9 billion loss in 2025 on $13.07 billion of revenue.",
      "url": "https://deepstack.ltd/stories/the-bubble-is-in-the-denominator/"
    }
  ],
  "sides": [
    {
      "part": 8,
      "question": "cash-or-loop",
      "side": "closed-loop",
      "sideLabel": "A closed loop",
      "claim": "Over $1T of GPUs bought to win two unprofitable labs, the source of about 70% of hyperscaler AI revenue.",
      "date": null,
      "url": null,
      "linkVerified": false,
      "storyUrl": "https://deepstack.ltd/stories/the-scarcity-is-the-collateral/",
      "sidesUrl": "https://deepstack.ltd/sides/the-scarcity-is-the-collateral/"
    }
  ],
  "coverage": {
    "creators": 3,
    "claims": 0,
    "texts": 0,
    "asOf": "2026-10-08"
  },
  "lastUpdated": "2026-10-08"
}