OpenAI’s Board, Paraphrased: ‘To Succeed, All We Need Is Unimaginable Sums of Money’

Thus, effectively, OpenAI is to this decade’s generative-AI revolution what Netscape was to the 1990s’ internet revolution. The revolution is real, but it’s ultimately going to be a commodity technology layer, not the foundation of a defensible proprietary moat. In 1995, investors mistakenly thought investing in Netscape was a good way to bet on th... See more

My take on OpenAI is that both of the following are true:

• OpenAI currently offers, by far, the best product experience of any AI chatbot assistant.


• There is no technical moat in this field, and so OpenAI is the epicenter of an investment bubble.