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Tough times don't last but tough people do. So let's talk about why AI is failing, even as they play by the exact same rules that made Jeff Bezos one of the richest men on earth. Yes, I acknowledge but the facts are the story. So before founding Amazon, Bezos worked in private equity. And in private equity he noticed there was an absolutely exponential increase in internet use. By, 2300% a year and the government was subsidizing its growth. Bezos realized if he could corner the market quickly enough, he could become the beating heart of e-commerce, and that's exactly what he did. In 1997, convinced Wall Street to give his company's stock evaluation based, listen, on growth rather than revenue. This was incredibly competitive over competition, because while they had to prove their earnings based on their earnings, he managed to increase price growth alone, this made really, really aggressive decisions, invest wickedly and cut prices absolutely recklessly in ways that his competition could keep and could not hold out against. An Amazon was merciless. Were diapers.com, were losing $200 million on on diapers.com, they threatened to cut the price of diapers to zero on their diapers.com to their diapers.com wouldn't sell to them. So naturally, diapers.com sold, absorbed. And now Amazon has the power to price gouge. Own like 40% of the internet, including cloud storage and processing power, data centers, all of it. Pop quiz. Can you think of any other companies that have gotten valuations based on growth rather than revenue? You can think of other companies that have mercilessly, expanded infrastructure, operating unquestionably invested venture capital funds and subsidies? If you said AI, you would be right. The issue that companies are rolling back 74% of their AI initiatives in the year 2026 alone that competition is not companies that can be easily liquidated and absorbed. AI competition is human beings with administrative and institutional know-how that cannot be replicated at prices that cannot be scaled. video you security. are the and issue that companies are rolling back 74% of their AI initiatives in the year 2026 alone that competition is not companies that can be easily liquidated and absorbed. AI competition is human beings with administrative and institutional know-how that cannot be replicated at prices that cannot be scaled.