Tag
Ed Zitron argues that OpenAI is the 'Lehman Brothers of AI', warning that its potential collapse would trigger a broader tech bubble burst and financial contagion across the AI ecosystem.
The article discusses the phenomenon of 'zombie unicorns' — private tech startups valued over $1 billion that are struggling to grow or exit, creating a lingering presence in Silicon Valley's venture landscape.
The article argues that the trend of 'going local' with expensive AI hardware is a tech bubble delusion, as most users overestimate their needs and cannot justify the cost, especially as cloud AI moves to usage-based pricing after being financially unsustainable.