Is OpenAI's trillion-dollar valuation justified?
Reported financials suggest the valuation rests more on narrative momentum and Microsoft-backed compute access than on current unit economics. With market share reportedly falling below 50% and marketing spend surging to buy back trust, public investors are being asked to underwrite a story, not a balance sheet.
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OpenAI’s $1 Trillion Bullsh*t Is Falling ApartLeaked financials reportedly show OpenAI losing over a dollar for every dollar earned. Here's why the trillion-dollar story doesn't add up.
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