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Video · ▼ Bearish · 1 source confirmed · 2026-09-25 19:38 UTC

OpenAI's $260 billion revenue problem

Why now

Thesis: AI capex math questioned by investors

Catalyst to watch: OpenAI revenue disclosures or funding news

Main risk: Capex cuts hit AI supply chain

Why it matters

Skepticism over OpenAI's revenue versus capex commitments could pressure AI-infrastructure spending narratives.

Details

OpenAI has a "$260 billion revenue problem." 🥴 Between its targeted valuation, capex commitments, and its run rate, the math just isn't mathing, says Bradley Tusk. 😬

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