Premium: The Hater's Guide to OpenAI
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A scathing critique of OpenAI and Sam Altman, arguing the company is a financial confidence game propped up by misleading revenue figures, impossible spending commitments, and complicit media coverage. Key claims include: OpenAI inflates revenue using annualized math and counts free tokens as sales; its $600B compute spending target is financially impossible; CFO Sarah Friar opposes the rushed IPO due to spending risks; infrastructure partners Oracle, CoreWeave, and SoftBank are taking on dangerous levels of debt to fund OpenAI's buildout; and the company has never had a credible path to profitability. The author characterizes Altman as a skilled con artist who has exploited desperate VCs, credulous media, and hyperscalers to sustain a pseudo-company that can only exist with infinite external capital.
Table of contents
The Media Must Stop Enabling OpenAI and Acknowledge That It Cannot Afford Its CommitmentsOpenAI Is Rushing Toward IPO Against The Wishes of Its CFO — And It Has Every Warning Sign That Something Is Very, Very Wrong With Its FinancesOpenAI Can Only Exist As Long As Venture Capital Subsidizes Its Business and Its Customers, And Its Funders and Infrastructure Partners Have Access To DebtOpenAI Is A Confidence Game Empowered By The Media and Investors That Is Rigged To ExplodeSort: