Jon Stewart asks Ed Zitron where AI's money goes
The Better Offline host traces a web of computing bills, investments and debt that leaves Stewart questioning how circular the AI boom has become.
Why this story? The video opened at a pace of 386,730 views a day, 9.4 times a normal first day on this channel (41,241).
AI's Circle Jerk | The Weekly Show with Jon Stewart
Jon Stewart stops Ed Zitron to ask a basic question: what is an S-1? The answer, a filing used to take a company public, is the straightforward part. Explaining who pays whom for AI computing takes considerably more untangling.
Their Short, "AI's Circle Jerk | The Weekly Show with Jon Stewart," has drawn roughly 320,000 views in 16 hours, far ahead of the show's usual start for the format. Its comment section is already about six times as busy as a typical full first day.
Zitron, the technology critic behind Better Offline and the Where's Your Ed At newsletter, starts with OpenAI and Anthropic's losses. He says Anthropic's filing leaves its latest quarterly information blank, then describes discounted computing from Elon Musk's SpaceX as the reason it managed a small quarterly profit.
Stewart's surprise at SpaceX supplying AI computing produces the question that gives the clip its title: "Is this all just a circle jerk?"
Zitron's argument is that the companies' finances are deeply interconnected. He describes Oracle building data centers for OpenAI, then casts Nvidia as both a supplier and a financial participant through investments, leasing arrangements and debt backed by chips. The concern is not simply how much AI costs, but how many businesses depend on the same spending continuing.
Viewers are drawing comparisons with earlier financial bubbles and asking what a downturn could mean beyond the technology companies. The full Zitron interview is also running well ahead of the show's usual start, alongside another fast-moving excerpt, "Beavis, Butt-head & AI | The Weekly Show with Jon Stewart."
An English author, journalist and podcaster who criticises the technology industry, particularly AI companies. He hosts Better Offline and writes the Where's Your Ed At newsletter.
More on Wikipedia ›An American AI company based in San Francisco that develops generative AI models, including the GPT series of large language models.
More on Wikipedia ›An American AI company founded by former OpenAI employees. It makes the Claude family of large language models and is privately held.
More on Wikipedia ›An American technology company headquartered in Austin, Texas. Co-founder Larry Ellison is its chairman and chief technology officer.
More on Wikipedia ›An American technology company that develops graphics processing units and other technology used in artificial intelligence and high-performance computing.
More on Wikipedia ›Published on Trari
Where next?
What viewers say
Ed does such a great job of explaining this mess for the layman
@steve7236See it on YouTubeFinally. Jon gets his Ed Zitr on!
@OzyMandias13See it on YouTubeI feel like only Jon could make faces that adequately react to Ed's fantastic delivery and analysis!! Can't wait for the full ep!
@AmateurHuman19See it on YouTube
1 more comment
Yayyyyyyyyyy I have been begging for this crossover episode for months! So excited!!!!🎉🎉🎉🎉🎉
@micahsherer7189See it on YouTube
Public comments from the video's page on YouTube
- Subscribers
- 898,000 ▲ 11,000 this week
- Channel views, last 7 days
- 5,007,702
- Channel views, pace per day
- 204,750 (on a normal day: 424,574)
- Video published
- October 28, 2026
- Video views so far
- 321,733 (less than a day online)
- Video views, pace per day
- 386,730
The numbers
The main Short and the full interview are each drawing unusually large audiences for their respective formats.
💡 Test your knowledge
Which podcast does Jon Stewart's guest Ed Zitron host?
Zitron hosts Better Offline, a podcast examining the technology industry.


