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Grace Blakeley
graceblakeley.substack.com
did:plc:rada2hqb6nk4ymqgm2gmthsx
OpenAI is not making enough money to finance its endless appetite for compute.
This is a structural problem: the product OpenAI is providing costs more to produce than it costs to buy. And the difference is being covered with debt.
https://graceblakeley.substack.com/p/what-i-read-this-week-the-ai-bubble
2025-12-05T16:16:12.032Z