OpenAI Torched $21 Billion in One Year and Called It Progress
Leaked financials show OpenAI lost $20.9 billion on $13.1 billion of revenue in 2025, and the spin was that losing $1.60 for every dollar earned counts as progress.
Topic
Sky-high valuations, circular financing where the money just goes in a circle, and the crash a lot of serious people see coming.
Leaked financials show OpenAI lost $20.9 billion on $13.1 billion of revenue in 2025, and the spin was that losing $1.60 for every dollar earned counts as progress.
The business plan is a Ponzi scheme that learned to wear a lab coat.
The week's dumbest AI artifact, bottled and labeled for the historians.
The miracle curve flatlined while the invoice kept right on sprinting.
Copyable tech, sunk economics, busted reliability, delivered with maximum I-told-you-so.
The Zitron-adjacent faithful, trading bubble receipts and F*UCK DATA CENTERS swag.
The dot-com crash left us fiber; the AI binge leaves GPUs and lawsuits.
When the FT reaches for the word destruction, the bar tab has come due.
Nvidia and the hyperscalers fund the labs that turn around and buy their chips and clouds. Money in a circle.
A skeptic of the skeptics says the loudest doomer runs on stale studies: let them fight.
Mainstream press handed the doubters the mic, and the whole room went quiet.