I expect Cory to have skepticism about technology that can be exploited for dystopian purposes, but calling AI "the world's money-losingest technology" is out of touch. If AI can support/replace some intellectual work, it'll be revolutionary, and that's what the investment bet is about.

I get that the blog post is making a separate point about Musk's companies but it's dissapointing to see mistakes like this in Cory's thinking

Is it because he isn't actually using the technology for work on a day-to-day basis like a lot of us?

This has been the definition of finance for hundreds of years. I don't know why it comes across here like this is a new phenomenon.

Edit: the article that the author is commenting on is IMO much better than the linked commentary. There's not much to it

https://crookedtimber.org/2026/06/15/one-big-grift/