Veteran investors George Noble and Michael Burry warn on X that all signs of OpenAI’s collapse are already visible and the trend is only accelerating. Problems with the AI chatbot. According to Noble, OpenAI issued a “red alert” in December when Google Gemini surged forward. ChatGPT’s traffic fell in November — its second-month-over-month traffic in 2025 — while Gemini jumped to 650 million users
According to reports, OpenAI’s main training runs in 2025 failed to outperform previous models. GPT-5 failed. Users wanted GPT-4 back and OpenAI restored it within 24 hours. “The company that was tasked with creating the general AI can’t even maintain the competitiveness of the chatbot,” says the Wall Street veteran. It’s all about money. OpenAI reportedly lost $12 billion in a single quarter. Deutsche Bank forecasts a cumulative loss of $143 billion before reaching profitability. The bank’s harsh verdict: “No startup in history has operated at a loss to such an extent as this.” Noble adds that “it will take 5x as much energy and money to make their models 2x better.”
When it rains,
Musk’s lawsuit against OpenAI boss Sam Altman and Microsoft executives will start in 2026, for up to $134 billion in damages for claiming OpenAI betrayed the NGO’s mission for profit.
The problem with the AI bubble Burry
— a long-time critic of the AI bubble — warns that it doesn’t end with OpenAI: “The government will do everything it can to save the AI bubble, save the market, save the economy,” he says. “The problem is too big to be circumvented.”
Translated and edited by Alex Kada
