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21 OpenAI’s Magical Thinking; Nvidia on Deck This Week

The Information
Martin Peers @ The Information 1 place · today 18:00 EDT

OpenAI’s Magical Thinking; Nvidia on Deck This Week

Before we get to what’s coming this week, let’s take a moment to honor the company that has honed the power of magical thinking. That would be OpenAI, whose latest long term revenue and profit projections we reported on Friday night here. The most important element of the report was that in 2025, the cost of running AI models quadrupled, so the company’s gross margin fell to 33%, which is below the 46% it had expected. Whoa!True, OpenAI’s revenue was a tad higher than it had projected—$13.1 billion—but if O

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