They Don’t Have the Money: OpenAI Edition
Tl;dr another installment of They Don’t Have the Money (previous edition: Oracle) OpenAI’s Wile E. Coyote moment approaches. OpenAI is the generational company of generative AI (sorry Meta, sorry Elon, it isn’t even close). They defined the space and lead the market, combining enormous ambition with stratospheric spending plans, unironically projecting needs in the trillions of dollars. OpenAI is also patient zero in any epidemiological diagnosis of the AI bubble. What happens if the market leader can’t make the economics work? What happens to the ever-growing parade of vendors lined up to take OpenAI’s money (and pump their stocks)? They’re everyone’s most sought after customer (except for Microsoft who walked away from providing OpenAI’s training infrastructure, a move…
