OpenAI's $125B Fantasy: A Warning Sign of a Tech Bubble

This article challenges OpenAI's revenue projections, arguing that its $125 billion forecast is overly optimistic and lacks realistic grounding. The author points out that OpenAI's agent products are immature, and its revenue predictions rely on SoftBank's massive investment and yet-to-be-developed "new products." The author criticizes the media's blind optimism towards OpenAI and points out that the generative AI industry as a whole is poorly profitable, with market size far from expectations. The article also analyzes the decline of Google Search functionality and how the hype around generative AI masks its limitations, and predicts that the bubble is about to burst, potentially leading to massive layoffs and industry upheaval.