HSBC has said that OpenAI is going to have nearly a half trillion in operating losses until 2030, per FT: pic.twitter.com/KQrsGIqFnK
— unusual_whales (@unusual_whales) December 4, 2025
“OpenAI may continue to attract significant funding and could ultimately develop products that…revolutionize the world. But at present, no start-up in history has operated with expected losses on anything approaching this scale. We are firmly in uncharted territory:” DB analysts
“OpenAI may continue to attract significant funding and could ultimately develop products that…revolutionize the world. But at present, no start-up in history has operated with expected losses on anything approaching this scale. We are firmly in uncharted territory:” DB analysts pic.twitter.com/64NfbsxHWD
— Lisa Abramowicz (@lisaabramowicz1) December 4, 2025
you will never guess what happened next… https://t.co/nzGmSNNgxR
— zerohedge (@zerohedge) December 4, 2025
We are seeing historic market gains:
The S&P 500 has gained +68% over the last 36 months, the best 3-year performance since 2021.
This is also the 2nd-strongest run since the 2000 Dot-Com Bubble, even surpassing the recovery following the 2008 Financial Crisis.
The last time the market was this was was in the 1990s, when the S&P 500 delivered a +120% gain over a 3-year span.
This marks the 16th time since 1930 that the 3-year rolling return has been +1.5 standard deviations above its long-term average.
All while the market has not experienced a negative 36-month return in 13 years.
Bullish momentum is incredibly strong.
We are seeing historic market gains:
The S&P 500 has gained +68% over the last 36 months, the best 3-year performance since 2021.
This is also the 2nd-strongest run since the 2000 Dot-Com Bubble, even surpassing the recovery following the 2008 Financial Crisis.
The last time… pic.twitter.com/RUZvA6Peaw
— The Kobeissi Letter (@KobeissiLetter) December 4, 2025
This accurately explains the AI bubble.
The difference this time is the bubble pumped by the Federal Reserve with $6 trillion. https://t.co/qjhRqeGLLV pic.twitter.com/6ZWwMQVPdF
— Financelot (@FinanceLancelot) December 4, 2025
SAN FRANCISCO — ChatGPT is still the world’s most popular chatbot, but its grip on the multibillion-dollar race to rewire the economy with artificial intelligence has begun to slip.
The number of users turning to the ChatGPT mobile app each month has plateaued since the summer, according to data from market research firm Sensor Tower. The chatbot’s maker OpenAI has been eclipsed by rivals such as Google on industry benchmarks comparing the capabilities of different AI systems.
The shift suggests rocky times ahead for OpenAI, whose launch of ChatGPT three years ago shattered the cozy control giants like Google, Microsoft and Apple held over the digital economy and the online lives of billions of people.
As ChatGPT rapidly climbed toward the more than 800 million monthly users it boasts today, established tech companies scrambled to respond and Silicon Valley rebuilt its vision for the future around technology pioneered by OpenAI. Companies across the economy and two successive U.S. governments embraced the idea that AI is poised to deliver huge leaps in productivity and efficiency, triggering further investment.
Before Sam Kirchner vanished, before the San Francisco Police Department began to warn that he could be armed and dangerous, before OpenAI locked down its offices over the potential threat, those who encountered him saw him as an ordinary, if ardent, activist.
Phoebe Thomas Sorgen met Kirchner a few months ago at Travis Air Force Base, northeast of San Francisco, at a protest against immigration policy and U.S. military aid to Israel. Sorgen, a longtime activist whose first protests were against the Vietnam War, was going to block an entrance to the base with six other older women. Kirchner, 27 years old, was there with a couple of other members of a new group called Stop AI, and they all agreed to go along to record video on their phones in case of a confrontation with the police.