Episode
Ep80 Everything Old is Networked Again
- Podcast
- NET Society
- Published
- May 25, 2026
- Duration seconds
- 3683
- Processing state
not_requested- Canonical source
- https://share.transistor.fm/s/08f05575
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Summary
The Net Society crew is back together for a wide-ranging conversation on AI IPO season, market structure, and where capital flows next. They kick things off by debating whether massive public listings from SpaceX, OpenAI, and Anthropic could mark a top, a wealth creation event, or a new chapter in the AI economy. From there, they explore how the AI trade is pulling attention away from crypto, the role of data centers as the new bottleneck, and whether ETH benefits from building in the shadow of the AI boom. The conversation then turns to open source models, local AI, margin compression, and whether frontier AI companies should be valued like software businesses or utilities. Later, the crew gets into orbital data centers, regulatory arbitrage in space, and the “network state” taking its final form above Earth. The episode wraps with a cultural detour through paid speech, dead internet theory, New York discourse, vibe shifts, political exhaustion, and the strange experience economy of waiting in line for mediocre coffee. Mentioned in the episode SpaceX IPO https://x.com/FT/status/2057896888863510658 Sam Altman overdoses on GLP-1s https://x.com/Overlap_Tech/status/2056847843743162448 Show & Hosts Net Society: https://x.com/net__society Aaron Wright: https://x.com/awrigh01 Chris F: https://x.com/ChrisF_0x Derek Edwards: https://x.com/derekedws Priyanka Desai: https://x.com/pridesai Production & Marketing Producer/Editor: https://x.com/0xFnkl Social: https://x.com/v_kirra (00:00) - AI IPO Season & Retail Liquidity (06:16) - Data Centers, Crypto Risk & The AI Casino (10:24) - ETH, Network Effects & AI Compression (13:59) - Open Source AI, Local Models & Utility Economics (27:14) - Orbital Data Centers & Regulatory Arbitrage (40:09) - Paid Speech,…