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Open AI Is In Deep Trouble

2026-06-22 News & Politics
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Description

Live-streamed on June 16, 2026. Ed Zitron, publisher of the Where’s Your Ed At? newsletter and host of the Better Offline podcast, joins the program to discuss the potential SpaceX IPO, OpenAI’s massive losses last year, and the AI bubble. Ed's newslatter: https://www.wheresyoured.at/ Better Offline podcast: https://linktr.ee/betteroffline To connect and organize with your local ICE rapid response team visit ICERRT.com The Congress switchboard number is (202) 224-3121. You can use this number to connect with either the US Senate or the House of Representatives. Send us IM messages during the live-stream with our free Majority Report App: http://majority.fm/app Subscribe to MR's daily AM Quickie newsletter: https://am-quickie.ghost.io Find all your MR merch at our store: https://shop.majorityreportradio.com Become a Majority Report member: https://fans.fm/majority/join More from the MR crew: Bryan Vokey https://www.instagram.com/mrbryanvokey Matt Binder DOOMED https://www.youtube.com/MattBinder Brandon Sutton DISCOURSE https://www.youtube.com/@Th3Discourse Emma Vigeland https://www.instagram.com/emmavigeland/ Matt Lech LEFT RECKONING https://www.youtube.com/LeftReckoning Our alt YouTube: https://www.youtube.com/majorityreportlive

Top Comments (10)

@NothingIsKnown00 2026-06-22

As a millennial who engaged in P2P file sharing and was called a thief for it… I look on these AI companies…

718 47 replies
@JaimeH-n6p 2026-06-22

Ed is my favorite “cranky man on the internet” right now

369 14 replies
@marcus_ohreallyus 2026-06-22

I see a pattern of companies offering IPO as a desperation move

323 13 replies
@benjaminwoo8069 2026-06-22

Ai companies aren't "losing" money... they are extracting it.

312 20 replies
@RobertDrane 2026-06-22

My favorite trivia about openai is that at one point their head legal counsel was quoted as saying there is no extant legal structure that suits our needs regarding their status as a nonprofit or for-profit business I like to think about being pulled over for speeding then telling the cop that there was no extant traffic laws which suited my needs

176 6 replies
@permacolo766 2026-06-22

This is a kleptocracy. Our welfare only goes to con men and grifters.

173 13 replies
@rickl7604 2026-06-22

In lieu of your pension payment, we will be sending you a pallet of NVDA GPUs.

172 5 replies
@sirbarther 2026-06-22

The worst thing about the eventual bubble pop will be less Ed Zitron dunking on AI bros in my feed.

119 8 replies
@TheSporeCell 2026-06-22

a friend of mine said ''they're non-profit whether they like it or not''

91 5 replies
@nolongerblocked6210 2026-06-22

This entire AI thing doesn't seem like just a bubble... it feels like a Ponzi, crossed with a bubble, crossed with extortion

80 7 replies

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