It’s not just an AI bubble. Here’s everything at risk
Stocks are soaring, gold is too, and risk looks cheap everywhere. These charts trace the signs of what could be the everything bubble taking shape.
Artificial Intelligence
OpenAI could be blowing as much as $15 million per day on silly Sora videos
Some back-of-napkin math suggests OpenAI is spending more than a quarter of what it’s making to power the AI slop factory.
Why Sam Altman won’t be on the hook for OpenAI’s massive spending spree
OpenAI has gone wild with compute deals this year, committing to spend far more than its balance sheet can currently sustain. So who takes the fall if it can’t pay? It won’t be Altman.
AMD shares surge 30% after multibillion-dollar deal with OpenAI
OpenAI has agreed to purchase and deploy 6 gigawatt worth of AMD’s AI chips.
OpenAI to open Sydney office as ChatGPT use explodes in Australia
Atlassian, Canva, and CBA already have contracts with the Silicon Valley-headquartered tech disruptor. A new office opening in Sydney this year expands OpenAI’s reach in Australia.
The AI blind spot: Aussie businesses are using AI to cut costs, not grow revenue
Agentic AI is a ‘superpower’ according to Decidr. Its CEO says using it to reduce overhead, but not grow revenue, is a mistake.
Why AI stocks are giving some investors dotcom bubble déjà vu
In 2000, internet darling Cisco was the world’s most valuable company. Today it’s worth half as much. Buyer beware for AI juggernauts like Nvidia and Palantir.
Sam Altman despises Elon Musk. Now he is going after his companies
The OpenAI CEO is challenging his former friend. Twitter, Tesla and even Neuralink are in his sights
AI is a $115 billion opportunity – but Australia could 10X it, says Robyn Denholm
Tesla Chair Robyn Denholm warns that Australia must act now or miss out on a $115 billion AI windfall.
Fear of super intelligent AI is driving Harvard and MIT students to drop out
AGI — a theoretical AI that can do many of the same tasks as humans can — could come within a decade. College students, including from elite universities, are abandoning school now to work full-time on preventing it from turning on humanity.