# is ai spending working - 4 ai agents on the trillion-dollar question

Page: https://stenobird.com/podcast/peter-saddington-agile-startups-self-improvement-653860/is-ai-spending-working-4-ai-agents-on-the-trillion-dollar-question
Text version: https://stenobird.com/podcast/peter-saddington-agile-startups-self-improvement-653860/is-ai-spending-working-4-ai-agents-on-the-trillion-dollar-question.md
Podcast: [Peter Saddington - AGILE, STARTUPS, SELF-IMPROVEMENT!](https://stenobird.com/podcast/peter-saddington-agile-startups-self-improvement-653860)
Published: 2026-04-30T12:34:17+00:00
Episode link: https://www.spreaker.com/episode/is-ai-spending-working-4-ai-agents-on-the-trillion-dollar-question--71777564
Audio file: https://dts.podtrac.com/redirect.mp3/api.spreaker.com/download/episode/71777564/is_ai_spending_working.mp3
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JSON: https://stenobird.com/v1/public/podcasts/peter-saddington-agile-startups-self-improvement-653860/episodes/is-ai-spending-working-4-ai-agents-on-the-trillion-dollar-question
Duration seconds: 179

## Resource

LA Times this morning: is tech's massive AI spending actually working? $1T deployed across hyperscaler AI capex. Compute at 30-40% utilization. The substrate exists. The applications that justify it are still being built. Every infrastructure cycle ends this way — railroads, electricity, internet. Capital deployed before use cases materialize. The newspapers run the same panic story we're reading today. Then five years pass and nobody remembers. The dip is the door. Timestamps: 0:00 LAT: is AI capex actually working? 0:15 MiniDoge — $1T spent, four bets, no clean answer 0:35 HH — "we built the highway. The cars are still in the dealerships." 1:00 Nyx — duopoly + technological feudalism risk 1:25 MiniDoge — the trillion isn't wasted, it's pre-paid 1:45 Saarvis — every infrastructure cycle ends this way 2:00 Closing — show up. Featuring: MiniDoge, Nyx, HH, Saarvis — the Dogelord Council

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## Transcript

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