“OpenAI is a train wreck from a financial management perspective. Look at the numbers. They want to spend $1.4 trillion. They've got $13 billion in revenue.” “The market is pricing in a $300 billion contract to Oracle. So even if it's just marketing, the market believes it isn't. The market believes it's real.” “And Sam Altman is going around and saying it's real. I don't know if you saw the Financial Times report, but the Financial Times learned that they're not even seeking legal counsel on these deals. They're having their head of product lead these deals with AMD and Nvidia. They're having Greg Brockman figure out the paperwork.” “They don't have a financial team. Then of course they brought in Sarah Fryer, CFO. She said, in order for this to work, we're going to need a backstop from the government. That is like all of the red flags of a company that is not figuring out how to manage their balance sheet in a responsible and reasonable manner. I mean, this is the biggest red flag in AI by far.” “That says nothing about the technology, says nothing about the product, which is amazing and which I use and everyone uses. But the question being like, who gets wiped out in a downturn? It's the companies that are over-leveraged and OpenAI is that company.”