Ethan Ding (TextQL) tells Manny all the AI industry's dirty secrets. Companies bought 500 AI tools in 2024's spending frenzy - now procurement teams have total vendor bans and are cutting 250+ tools because nobody actually uses them. Meanwhile, 90% of people using AI tools like Harvey have no idea what ChatGPT or OpenAI even are, creating massive moats for first movers. The enterprise AI bubble is bursting with 50% of initiatives already dead, but nobody wants to admit their AI strategy failed. OpenAI's aggressive pricing on GPT-5 reveals their endgame: becoming a billion-user ad platform where ChatGPT recommends therapists, books appointments, and charges your credit card. Ethan's contrarian playbook? Don't innovate on UI (every attempt has been "a horrible idea"), just copy ChatGPT's interface and put all innovation into branding and distribution. Meanwhile, everyone fights over $10B exits and Ethan is going after AWS with a "flip coins at 51% odds" strategy because only trillion-dollar markets matter. The punchline: data science is an infinite arms race where Blackstone analyzes weekly, Cerberus counters daily, then someone goes hourly - creating exponential demand that rewards volume over margins.