AI: An Intelligent Con (part 3)
AI is circular finance — a black hole that will leave little behind. Unlike the dot-com bust, which at least bequeathed us lasting communication infrastructure.
Well, hello again — the Cassandras are back.
OpenAI missed its targets in 2025. Both weekly active users and revenue fell short. Its CFO, Sarah Friar, privately told colleagues that OpenAI may not be able to honour its new contracts with hyperscalers and GPU manufacturers unless growth accelerates significantly. Worse, she also sta…
