OpenAI lost $11.5 billion in three months. They want a $1 trillion IPO. The insiders will cash out. Everyone else will be left holding the wreckage.
Something feels off at OpenAI. For a long time, people talked about it like it was untouchable, the company that would rewrite everything we know. That kind of talk is always loudest right before the trouble begins. The excitement is gone now. The numbers look worse each time someone opens the books. You can almost …