Premium: The Silicon Valley Bubble (Part 2)
17 hours ago
- OpenAI lost $21 billion in 2025, spending $34 billion to generate only $13.07 billion in revenue.
- SoftBank contributed $867 million (6.6%) of OpenAI's revenue, likely inflating figures without proportional costs.
- The author argues Silicon Valley is a bubble, with no rational justification for such extreme burn rates.
- Silicon Valley has been captured by people who haven't built real things, relying on hype and fear-mongering rather than meritocracy.
- AI companies should treat their products like any other consumer goods, taking responsibility for harms instead of claiming inevitability.
- Engaging with AI hype forces ignoring present reality and accepting vague promises, making critics into supplicants.
- The AI bubble promises infinite growth to everyone but deforms industry incentives and erodes guardrails against reckless exuberance.