[short_sells_poo]

The fact that there's an incestual circle between OpenAI, Microsoft, NVidia, AMD, etc.. where they provide massive promises to each other for future business is nothing short of hilarious.

The economics of the entire setup are laughable and it's obvious that it's a massive bubble. The profit that'd need to be delivered to justify the current valuations is far beyond what is actually realistic.

What moat does OpenAI have? I'd argue basically none. They make extremely lofty forecasts and project an image of crazy growth opportunities, but is that going to ever survive the bubble popping?

[philipallstar]

I still don't really understand this "circle" issue. If I fix your bathroom and in return you make me a new table, is that an incestuous circle? Haven't we both just exchanged value?

[CodesInChaos]

The circle allows you to put an arbitrary "price" on those services. You could say that the bathroom and table are $100 each, so your combined work was $200. Or you could claim that each of you did $1M work. Without actual money flowing in/out of your circle, your claims aren't tethered to reality.