"I Pretend I Am Giving You $20 Billion, And You Pretend To Buy $20 Billion Of My Products"
Over The Past 6 Months, Much Of The AI Deals Were 100% Theatre And Designed To Deceive The Market And Shareholders
Yet the media and influencers run with the stories as if they were true and we all got duped
(Do the media and influencers believe this BS? Or are they simply too (blank) to understand what's going on?)
Highlight Reel:
STARGATE ($500 Billion) - January 2025
Trump announces it at the White House with Sam Altman and Masa Son.
"Over 100,000 American jobs almost immediately."¹
The reality:
Jobs guaranteed at first data center: 57 (at $57,600/year)² Bloomberg, August 2025: "The project had not started and no funds were raised"³
Elon Musk, day one: "They don't actually have the money. SoftBank has well under $10B secured."⁴
Ed Zitron confirmed with the actual developer: SoftBank was never involved with the Abilene data center. Not one dollar.⁵
Wall Street Journal, July 2025: "The newly formed company charged with making it happen has yet to complete a single deal for a data center."⁶
Right now? SoftBank is scrambling to find $22.5B by December 31—selling their Nvidia stake, their T-Mobile stake, slashing staff.⁷
NVIDIA "Invests" $100 Billion in OpenAI - September 2025 Sounds massive.
Until you realize: OpenAI uses that money to buy... Nvidia chips.⁸
Nvidia is financing its own sales.
Nobel economist Paul Krugman called it a "financial ouroboros"—the snake eating its own tail.⁹
AMD's $100 Billion "Deal" - October 2025 Even more creative.
AMD gave OpenAI warrants to purchase 160 million shares at ONE CENT per share.¹⁰
OpenAI sells those shares to pay for... AMD chips.
TechCrunch: "So, essentially, this is a scheme for AMD to finance this customer's purchases."¹¹
AMD is literally paying itself.
Meanwhile, behind the curtain:
Microsoft buried a $3.1 billion loss from OpenAI under "other expenses"¹³
That implies OpenAI lost roughly $11.5 billion in one quarter¹⁴
Leaked docs show OpenAI's inference costs may exceed their revenue¹⁵
Sam Altman on profitability: "Not in my top-10 concerns"¹⁶
The same money going in circles.
And every time it circles, someone writes a headline:
"$500 BILLION INVESTMENT!"
"$100 BILLION DEAL!"
"AI SPENDING HITS $1 TRILLION!"
The media reports the announcement.
The stock pops.
Influencers celebrate.
Nobody follows up.
This isn't investment.
It's accounting theatre.
And we're all the audience.