Ed Zitron
Coverage of Ed Zitron in the Nexus archive.
- The Lehman Brothers of the AI bubble is coming, says this critic warning of a fallout for tech and the entire market
Artificial-intelligence critic Ed Zitron warns that OpenAI is poised to collapse, potentially dragging down investors and the broader technology industry. He likens this scenario to the Lehman Brothers-style fallout, signaling risks for the entire market.
- The Year of the Humongous IPO
SpaceX raised $75 billion in its IPO, becoming one of the world's 10 most valuable companies. Anthropic and OpenAI are also planning public listings, signaling record-breaking IPOs in the AI sector. The trend contrasts with a declining number of public companies, driven by the high capital costs of AI development.
- OpenAI’s balance sheet remains the most mysterious—and consequential—in business
OpenAI's 2025 financials show revenue of $13.07 billion but losses of $20.92 billion, with expenses reaching $34 billion. SpaceX acquired Cursor for $60 billion, the largest venture-backed startup acquisition. OpenAI's balance sheet remains shrouded in mystery despite its $852 billion valuation.
- Anthopic, OpenAI Should Not Be Allowed to IPO, Says Ed Zitron
Ed Zitron argues that Anthropic and OpenAI should not be allowed to go public through an IPO. The statement is made explicitly in the title of the article.