“OpenAI is a good example of the AI bubble.”

A lot of these AI models are similar. They use the same neural net transformer architecture. They're a bit like airlines in many respects.You got a commoditized product with a huge amount of capex requirement. That's not a recipe for strong profitability or high equity returns. Open AI is a good example of the AI bubble.You've got a company that is losing a lot of money on the hope that eventually they're going to be able to significantly raise prices and generate enough revenue to cover their capex costs. ...