DB analysts warn OpenAI’s losses are entering unheard-of territory, and HSBC says it could burn nearly half a trillion by 2030. ChatGPT started the AI race. Now its lead is looking shaky

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 …

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All the Devils from 2008 Are Back at the Megabanks: Leverage, Off-Balance-Sheet Debt, Over $192 Trillion in Derivatives, Shaky Capital Levels

TL;DR: Derivatives Danger: Four major U.S. banks hold 87% of all derivatives, totaling $168.26 trillion. Dodd-Frank Failure: The 2010 law failed to prevent the return of risky derivatives practices. Leverage and Off-Balance Sheet Debt: Megabanks have excessive leverage and hide debt off their balance …

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The “skip” is acknowledgement that things are shaky

https://twitter.com/NorthmanTrader/status/1669070435399487492 Fed cutting interest rates has been bearish for equities It implies that something has broken in the system pic.twitter.com/6X7Kg9cQK4 — Bravos Research (@bravosresearch) June 14, 2023 👀 Reminder … the govt CPI is fake data. They massage the data …

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