Former BlackRock fund manager Ed Dowd on the AI bubble "pop" "we're at maximum AI hype right now" "they're [punching] out three IPOs, SpaceX, Anthropic and OpenAI" "a lot of these companies... [are] not going to go away" "[But] OpenAI may go to zero and Anthropic may go to zero, [and] their assets will be bought up for pennies on the dollar" This clip of Dowd (@DowdEdward), a former BlackRock fund manager and co-founder of Phinance Technologies, is taken from an interview with Greg Hunter (@USAWatchdog) posted to Rumble on May 29, 2026. ----------------Partial transcription of clip--------------- "What it means is eventually all this CapEx spending stops because the credit markets and I suspect— we're at maximum AI hype right now because they're trying to punch out three IPOs, SpaceX, Anthropic and OpenAI. And these guys are not making enough money to justify the amount of CapEx they're doing. "The other thing that I think is going to potentially blow up the AI bubble is they don't have enough power to plug in all this CapEx into. "So they're announcing all this CapEx, they're pre-buying equipment and chips but they can't plug it into the power grid. We just don't have enough power to justify all these data center buildouts. The constraining factor is power. "And look, there's a disconnect. I think Wall Street is less focused on the public outrage that's going on that you can see happening all across the country. People are protesting these data centers. College, students are booing commencement speakers that talk about AI. "There seems to be a very, very large anti AI sentiment going on out there which will muck up the works and slow down the data center buildouts politically. "And if you slow down the capex build out, the valuations of all these companies go a lot lower because they rely on you know, exponential growth and when the growth doesn't show up at these valuations they'll pop... "And look a lot of these companies that are doing the AI, Microsoft, Oracle, Google, they're not going to go away. They'll just cut back their CapEx. They won't go bankrupt but their valuations and their earnings will go lower as they write off all these mal investments. So it's not like a lot of companies are going to go bankrupt. I mean, OpenAI may go to zero and Anthropic may go to zero, but their assets will be bought up for pennies on the dollar."

Former 60 Minutes executive producer Jeff Fager on CBS News firing Scott Pelley for cause: "Scott is the heart and soul of 60 Minutes. He’s the present day Mike Wallace of the program. I wouldn’t want to be in charge without him."

Former BlackRock fund manager Ed Dowd on the stock market: "If 45% of your market cap is AI and there's no profits yet, what are you investing in?" "You're investing in future hopium" "Bain... said there is no ROI, it's a bust" "the markets can continue to be irrational and go up on this, but the narrative is changing fast" This clip of Dowd (@DowdEdward), a former BlackRock fund manager and co-founder of Phinance Technologies, is taken from a discussion with Jesse Day (@jessebday) posted to the Commodity Culture YouTube channel on June 2, 2026.

Former Valve developer Chet Faliszek is worried about Bungie’s future after the studio announced that Destiny 2’s final major update will arrive on June 9, 2026. Discussing Bungie’s situation, Faliszek said, “I don’t think Sony cares anymore.” His comments follow years of layoffs, internal changes, and growing uncertainty at the studio. Bungie’s future now depends heavily on Marathon. If the game doesnt do well, it could end the studio

Former BioWare producer Mark Darrah thinks the gaming industry should explore product placement to help pay for game development and rely less on live-service monetization. Discussing how expensive AAA games have become to make, Darrah said the industry needs more revenue streams besides selling games, DLC, microtransactions, and battle passes. “Not every game can be a live service,” he said, warning that if the trend continues, most big-budget games could end up built around ongoing monetization instead of delivering a complete experience from the start. Darrah noted that movies have multiple revenue streams, including product placements and brand deals. He believes video games could do something similar to cover development costs without constantly asking players to spend more after buying the game.

FORMER FINANCE PROFESSOR TAD SMITH: "After 25 years teaching finance, I realized at 58: If the money printer grows 8-10% annually and the S&P 500 returns ~9%, it’s just treading water. True wealth comes from outpacing the printer. That’s the Bitcoin journey." 👏