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🚨 Stop scrolling.. Let me explain what Sam Altman just pulled off. > Microsoft gave OpenAI $13 billion.. Biggest AI bet in history. OpenAI ran exclusively on Azure. > Then Sam got fired by his own board nd the whole world watched. > He talked his way back in....

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Tuki

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100,818 Aufrufe • vor 6 Monaten •via X (Twitter)

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31 Kommentare

Profilbild von Moog Rogue
Moog Roguevor 6 Monaten

OpenAI will cease to be an independent company in 24 months.

Profilbild von AI Sauce
AI Saucevor 6 Monaten

the "masterclass in finesse" framing makes this sound like genius when it might just be a messy corporate divorce playing out in public. microsoft still has 27% equity and IP exclusivity through 2032. altman didn't outmaneuver them. he just found the one door they left unlocked

Profilbild von Ēṭēr̥ṇāl̥
Ēṭēr̥ṇāl̥vor 6 Monaten

Sam taking Microsoft's 13 billion then signing that huge Amazon deal is wild. But calling it a masterclass ignores they still own nearly 30 percent of OpenAI plus those IP rights. This could blow up fast. You think Microsoft actually sues or is it mostly leverage?

Profilbild von Tuki
Tukivor 6 Monaten

🚨 If you’re seeing this, follow me and turn on my post notifications. I unapologetically share my takes on AI and its updates. Things are only going to get more interesting from here.

Profilbild von Abhijith M B
Abhijith M Bvor 6 Monaten

Sam Altman is a scammer, don't glorify such people. If humanity is destroyed, I'm pretty sure he will have a major role to play in it. So, this hero walk with a blast in the background should ideally have a shockwave that cuts him in half.

Profilbild von Banana Republic
Banana Republicvor 6 Monaten

Microsoft owns 27% of OpenAI and is now threatening to sue it! Meanwhile Sam needs a clean IPO to unlock Amazon's full $50B 😬 The Gorilla funded the cage, the Monkey redecorated it, now everyone's lawyering up.

Profilbild von Manu⚡️🚀
Manu⚡️🚀vor 6 Monaten

With Elon suing too, I can see a dark horizon for Sam.

Profilbild von Nikunj Bansal e/acc 🇺🇸
Nikunj Bansal e/acc 🇺🇸vor 6 Monaten

😂

Profilbild von Aaryan Gondal
Aaryan Gondalvor 6 Monaten

@grok verify and weigh in with your thoughts

Profilbild von Ahriuk
Ahriukvor 6 Monaten

Question is: who actually controls the stack after all this?

Profilbild von Departamento de Eficiencia Gubernamental
Departamento de Eficiencia Gubernamentalvor 6 Monaten

He’s an asshole.

Profilbild von Adam ∣ Building to $10K/mo live
Adam ∣ Building to $10K/mo livevor 6 Monaten

The part nobody's asking: Microsoft structured this as an investment, not an exclusivity contract with real legal teeth, so what exactly are their lawyers fighting over? Because if the deal had no enforceable lock-in clause on cloud partnerships, the $13B was essentially a gift with no strings.

Profilbild von David T Kramaley
David T Kramaleyvor 6 Monaten

openai's leverage game is real

Profilbild von 2key 🫥
2key 🫥vor 6 Monaten

This isn’t finesse, it’s leverage at a level most people can’t even see.

Profilbild von Spice 🇨🇦🍁
Spice 🇨🇦🍁vor 6 Monaten

He is running a major scam that is.

Profilbild von Alicia Lalone🟧
Alicia Lalone🟧vor 6 Monaten

#OpenAI #AINews

Profilbild von RK Vishnoi
RK Vishnoivor 6 Monaten

Man how confident is he to fight such giants coming out of no where

Profilbild von Solglyph
Solglyphvor 6 Monaten

That's quite a story! Sam Altman seems like a resilient leader who has shown his ability to bounce back from challenges.

Profilbild von Kasper
Kaspervor 6 Monaten

Seems like the end game is to cash out leaving two litigators with very little. Then startup a new company built on the lessons and data gleaned from this equity sandpit exercise debts gone. I'd check for hidden bank accounts of all the players in Open ai. This seems to go deep

Profilbild von JakeOnGrowth
JakeOnGrowthvor 6 Monaten

He is really confident to do that, we need more people like him in our society.

Profilbild von Mike Darlington ▲
Mike Darlington ▲vor 6 Monaten

Their legal argument is essentially a semantic hack though. OpenAI is saying “this isn’t an API call, it’s a stateful runtime, therefore it doesn’t violate Microsoft’s contract.”

Profilbild von Charlie Peach
Charlie Peachvor 6 Monaten

And in the meantime anthropic became the best product and Microsoft switched to Claude powering copilot Premier league equivalent of spending $1bn on players, blowing a 15 point lead and celebrating because the coach got fired

Profilbild von TheDukeofYork
TheDukeofYorkvor 6 Monaten

and get sued by Microsoft and Elon Musk into the next Decade!

Profilbild von kyto
kytovor 6 Monaten

Feels less like finesse and more like playing 4D chess while everyone else is stuck on checkers ♟️

Profilbild von IndyV
IndyVvor 6 Monaten

Nicely done, @sama. 😁

Profilbild von Thomas Marchetti
Thomas Marchettivor 6 Monaten

Give a man enough rope and he will hang himself.

Profilbild von Debbie Vena 🙏🇺🇸🌐🕹💧🐸⚖️⚙️🤓
Debbie Vena 🙏🇺🇸🌐🕹💧🐸⚖️⚙️🤓vor 6 Monaten

Typical Dotcom takeover wars.

Profilbild von Red Stars
Red Starsvor 6 Monaten

Amazon has significantly more American employees than Microsoft.

Profilbild von Karthik U
Karthik Uvor 6 Monaten

sam is basically playing 4d chess while everyone else is playing checkers. actually insane how he leveraged microsoft just to hand a bag to amazon.

Profilbild von TE Aravind
TE Aravindvor 6 Monaten

And we trust him with our data and believing he will build an ethical ai systems 🤣🤣🤣🤣

Profilbild von Ordinary Indian
Ordinary Indianvor 6 Monaten

This is a masterclass in deceit. You sign an exclusive API rights contract with Microsoft and then sell to Amazon saying that Microsoft's contract was for stateless APIs, Amazon's is for stateful!!! Seriously!

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Microsoft is about to sue its own golden child. $14 billion invested. Exclusive cloud rights. The most important AI partnership in history. And Sam Altman just went behind their back with a $50 billion Amazon deal. Here's why they're betraying each other: When Microsoft first invested in OpenAI in 2019, they locked in ONE rule above everything else... ALL access to OpenAI's models must go through Microsoft's Azure cloud. No exceptions. That deal made Azure the backbone of the AI revolution. Every company using ChatGPT's API was paying Microsoft for the privilege. It was the smartest infrastructure play of the decade. Then last month, OpenAI quietly signed a deal with Amazon. $50 billion. AWS becomes the exclusive third-party cloud provider for Frontier, OpenAI's new enterprise AI agent platform. $138 billion committed to Amazon cloud services. Microsoft found out and got really angry.... A person familiar with Microsoft's position told the Financial Times today: "We know our contract. We will sue them if they breach it. If Amazon and OpenAI want to take a bet on the creativity of their contractual lawyers, I would back us, not them." That's basically a declaration of war. And here's where it gets crazy: OpenAI and Amazon are trying to build a technical workaround. A system called the "Stateful Runtime Environment" that runs on Amazon's Bedrock platform. Their argument is that the system "only" handles memory and context for AI agents using enterprise data on AWS. It doesn't technically "invoke" OpenAI's core models through Amazon. Microsoft's response: Bullshit. The workaround violates the spirit of the deal even if it technically dances around the letter. Amazon knows they're on thin ice too. An internal memo leaked showing Amazon told employees exactly what language they can and can't use. They can say Frontier is "powered by OpenAI" or "enabled by OpenAI." But they CANNOT say customers can "access" or "invoke" OpenAI models on AWS. When you're coaching employees on which verbs to avoid, you know you're in trouble. But here's the thing everyone seems to forget: OpenAI is planning an IPO this year. They just closed a $110 billion funding round last month. So if Microsoft sues, the IPO timeline is DEAD. You can't go public while your biggest partner and investor is suing you for breach of contract. Elon Musk is already suing OpenAI separately for abandoning its nonprofit mission. Two active lawsuits from two of the most powerful people in tech. Against one company trying to IPO. Good luck with that S-1 filing. But WHY did Altman do this? Microsoft gave OpenAI everything. Capital. Infrastructure. Distribution. Enterprise customers. And Altman's response was to secretly build an escape route through Amazon... Because he saw what was coming: Microsoft launched Copilot. Their own AI product. Competing directly with ChatGPT. Microsoft started building their own models. Hiring their own AI researchers. Reducing dependency on OpenAI. So Altman did the same thing back. Found another cloud provider. Started building leverage. Both sides were preparing for divorce while still living in the same house. So the $50 billion Amazon deal was just an insurance policy against the day Microsoft decides it doesn't need OpenAI anymore. And Microsoft caught him packing his bags. What happens next: The companies are still talking. Trying to resolve this before Frontier launches. But Microsoft has made their position clear. Litigation is on the table. If this goes to court, it sets a precedent for every AI partnership in the industry. Every cloud deal. Every exclusive licensing agreement. The entire AI infrastructure map gets redrawn. Sam Altman built OpenAI on Microsoft's money, Microsoft's cloud, and Microsoft's trust. Then he signed a $50 billion deal with their biggest competitor. In any other industry they'd call that what it is.
0:28

Microsoft is about to sue its own golden child. $14 billion invested. Exclusive cloud rights. The most important AI partnership in history. And Sam Altman just went behind their back with a $50 billion Amazon deal. Here's why they're betraying each other: When Microsoft first invested in OpenAI in 2019, they locked in ONE rule above everything else... ALL access to OpenAI's models must go through Microsoft's Azure cloud. No exceptions. That deal made Azure the backbone of the AI revolution. Every company using ChatGPT's API was paying Microsoft for the privilege. It was the smartest infrastructure play of the decade. Then last month, OpenAI quietly signed a deal with Amazon. $50 billion. AWS becomes the exclusive third-party cloud provider for Frontier, OpenAI's new enterprise AI agent platform. $138 billion committed to Amazon cloud services. Microsoft found out and got really angry.... A person familiar with Microsoft's position told the Financial Times today: "We know our contract. We will sue them if they breach it. If Amazon and OpenAI want to take a bet on the creativity of their contractual lawyers, I would back us, not them." That's basically a declaration of war. And here's where it gets crazy: OpenAI and Amazon are trying to build a technical workaround. A system called the "Stateful Runtime Environment" that runs on Amazon's Bedrock platform. Their argument is that the system "only" handles memory and context for AI agents using enterprise data on AWS. It doesn't technically "invoke" OpenAI's core models through Amazon. Microsoft's response: Bullshit. The workaround violates the spirit of the deal even if it technically dances around the letter. Amazon knows they're on thin ice too. An internal memo leaked showing Amazon told employees exactly what language they can and can't use. They can say Frontier is "powered by OpenAI" or "enabled by OpenAI." But they CANNOT say customers can "access" or "invoke" OpenAI models on AWS. When you're coaching employees on which verbs to avoid, you know you're in trouble. But here's the thing everyone seems to forget: OpenAI is planning an IPO this year. They just closed a $110 billion funding round last month. So if Microsoft sues, the IPO timeline is DEAD. You can't go public while your biggest partner and investor is suing you for breach of contract. Elon Musk is already suing OpenAI separately for abandoning its nonprofit mission. Two active lawsuits from two of the most powerful people in tech. Against one company trying to IPO. Good luck with that S-1 filing. But WHY did Altman do this? Microsoft gave OpenAI everything. Capital. Infrastructure. Distribution. Enterprise customers. And Altman's response was to secretly build an escape route through Amazon... Because he saw what was coming: Microsoft launched Copilot. Their own AI product. Competing directly with ChatGPT. Microsoft started building their own models. Hiring their own AI researchers. Reducing dependency on OpenAI. So Altman did the same thing back. Found another cloud provider. Started building leverage. Both sides were preparing for divorce while still living in the same house. So the $50 billion Amazon deal was just an insurance policy against the day Microsoft decides it doesn't need OpenAI anymore. And Microsoft caught him packing his bags. What happens next: The companies are still talking. Trying to resolve this before Frontier launches. But Microsoft has made their position clear. Litigation is on the table. If this goes to court, it sets a precedent for every AI partnership in the industry. Every cloud deal. Every exclusive licensing agreement. The entire AI infrastructure map gets redrawn. Sam Altman built OpenAI on Microsoft's money, Microsoft's cloud, and Microsoft's trust. Then he signed a $50 billion deal with their biggest competitor. In any other industry they'd call that what it is.

Ricardo

209,440 Aufrufe • vor 6 Monaten

OpenAI saga in 90 seconds: - Thursday night, Sam Altman gets a text from Ilya Sutskever, OpenAI’s chief scientist & board member asking to chat on Friday. - Friday at Noon, Sam Altman is fired by the Open AI board because he was “not consistently candid in his communications.” - CTO Mira Murati is made Interim CEO. - Microsoft, OpenAI’s largest investor, found out about the move 1 minute before the announcement. Their stock gets crushed. - Right after, Greg Brockman, OpenAI’s President is asked to chat, where he’s told he’s removed from the board but retaining his role. - Greg resigns from OpenAI in solidarity with Sam Altman shortly after. - Tech news & twitter subsequently blow the f*ck up. - Sam Altman fires off a few tweets saying how grateful he was for openAI and the people and how he’d have more things to say soon. - OpenAI employees start tweeting hearts supposedly a signal to the board of who would leave OpenAI to follow Sam Altman if the decision was kept. - By Saturday, rumors start that the OpenAI board is in discussions to bring Sam Altman back as CEO. - Sam Altman tweets out a picture of him wearing a guest pass at OpenAI HQ. - Microsoft & Satya Nadella lead the charge to negotiate with the board. - Board negotiation ends with Altman officially being out on Sunday night & employees streaming out of the office. - Monday morning Twitch cofounder Emmett Shear is named interim CEO. - Around the same time, Satya Nadella announces that Sam is joining Microsoft as the CEO of a new AI research group & former OpenAI leaders like Greg Brockman are joining him. - Still Monday Morning, OpenAI employees share a letter with the board where 650 of 700 employees tell the board to resign.
1:31

OpenAI saga in 90 seconds: - Thursday night, Sam Altman gets a text from Ilya Sutskever, OpenAI’s chief scientist & board member asking to chat on Friday. - Friday at Noon, Sam Altman is fired by the Open AI board because he was “not consistently candid in his communications.” - CTO Mira Murati is made Interim CEO. - Microsoft, OpenAI’s largest investor, found out about the move 1 minute before the announcement. Their stock gets crushed. - Right after, Greg Brockman, OpenAI’s President is asked to chat, where he’s told he’s removed from the board but retaining his role. - Greg resigns from OpenAI in solidarity with Sam Altman shortly after. - Tech news & twitter subsequently blow the f*ck up. - Sam Altman fires off a few tweets saying how grateful he was for openAI and the people and how he’d have more things to say soon. - OpenAI employees start tweeting hearts supposedly a signal to the board of who would leave OpenAI to follow Sam Altman if the decision was kept. - By Saturday, rumors start that the OpenAI board is in discussions to bring Sam Altman back as CEO. - Sam Altman tweets out a picture of him wearing a guest pass at OpenAI HQ. - Microsoft & Satya Nadella lead the charge to negotiate with the board. - Board negotiation ends with Altman officially being out on Sunday night & employees streaming out of the office. - Monday morning Twitch cofounder Emmett Shear is named interim CEO. - Around the same time, Satya Nadella announces that Sam is joining Microsoft as the CEO of a new AI research group & former OpenAI leaders like Greg Brockman are joining him. - Still Monday Morning, OpenAI employees share a letter with the board where 650 of 700 employees tell the board to resign.

Alex Lieberman

957,582 Aufrufe • vor 2 Jahren

OpenAI entered 2026 with the most insane revenue targets in corporate history. $30 billion in sales. Up from $13 billion in 2025. While LOSING $14 billion doing it. Let's understand this: OpenAI needed to convert from nonprofit to for-profit by December 31st, 2025 to unlock their $40 billion SoftBank funding. Miss that deadline? The round drops to $20 billion. And they made it. But here's the thing: The nonprofit STILL controls everything. They spent an entire year fighting to become for-profit, got sued by Elon Musk, pissed off California's attorney general, lost key employees over it. Then ended up basically right where they started. Except now the nonprofit has a $130 billion stake and Microsoft got $135 billion for 27% ownership. So OpenAI burned a year of political capital to give away $265 billion in equity while keeping the same power structure that almost destroyed them in 2023. The revenue math is absolutely deranged: To hit $30 billion in 2026, they need to more than double revenue in 12 months. No company in history has done this from a $13 billion base. Not even Nvidia. Not even ByteDance. OpenAI wants to go from $10B to $100B in 3 years. And the losses are worse: $14 billion in losses in 2026. Triple their 2025 burn. They've committed to: - $250 billion to Microsoft Azure - $38 billion to Amazon AWS - $1+ trillion in chip deals with Nvidia, AMD, and Broadcom They won't be profitable until 2029. Maybe. But here's the part that makes this whole thing insane... They're not just competing anymore. Anthropic: Fully for-profit. On track for $15 billion revenue in 2026. AI insiders surveyed in December said they'd invest in Anthropic over OpenAI. Meta's pouring billions into Llama. Chinese models eating market share. And OpenAI still has to answer to a nonprofit board that can shut down AGI research whenever they decide it's not "benefiting humanity." The same board that fired Sam Altman in November 2023. The investors know this. That's why the $40B was contingent on conversion. When OpenAI reversed course and kept nonprofit control, they had to give the nonprofit a $130B stake. Basically: "You can keep control, but you better make us whole." What happens if they miss targets? The Azure commitment becomes a liability. The AWS deal gets renegotiated. The nonprofit board starts asking why they're burning billions while people die of preventable diseases. Investors start wondering if that $300B valuation was justified. OpenAI is betting they can: 1. More than double revenue annually for 3 years straight 2. Burn $44 billion doing it 3. Keep a nonprofit board happy 4. Fend off Anthropic, Meta, and Chinese competitors 5. Avoid another Sam Altman situation 6. Actually build AGI 7. Convince everyone it was worth it Nobody in history has pulled this off. We're 1 day into 2026. By December 31st, we'll know if OpenAI is the most ambitious company ever built or the biggest AI bubble in history. What are you betting on?
1:28

OpenAI entered 2026 with the most insane revenue targets in corporate history. $30 billion in sales. Up from $13 billion in 2025. While LOSING $14 billion doing it. Let's understand this: OpenAI needed to convert from nonprofit to for-profit by December 31st, 2025 to unlock their $40 billion SoftBank funding. Miss that deadline? The round drops to $20 billion. And they made it. But here's the thing: The nonprofit STILL controls everything. They spent an entire year fighting to become for-profit, got sued by Elon Musk, pissed off California's attorney general, lost key employees over it. Then ended up basically right where they started. Except now the nonprofit has a $130 billion stake and Microsoft got $135 billion for 27% ownership. So OpenAI burned a year of political capital to give away $265 billion in equity while keeping the same power structure that almost destroyed them in 2023. The revenue math is absolutely deranged: To hit $30 billion in 2026, they need to more than double revenue in 12 months. No company in history has done this from a $13 billion base. Not even Nvidia. Not even ByteDance. OpenAI wants to go from $10B to $100B in 3 years. And the losses are worse: $14 billion in losses in 2026. Triple their 2025 burn. They've committed to: - $250 billion to Microsoft Azure - $38 billion to Amazon AWS - $1+ trillion in chip deals with Nvidia, AMD, and Broadcom They won't be profitable until 2029. Maybe. But here's the part that makes this whole thing insane... They're not just competing anymore. Anthropic: Fully for-profit. On track for $15 billion revenue in 2026. AI insiders surveyed in December said they'd invest in Anthropic over OpenAI. Meta's pouring billions into Llama. Chinese models eating market share. And OpenAI still has to answer to a nonprofit board that can shut down AGI research whenever they decide it's not "benefiting humanity." The same board that fired Sam Altman in November 2023. The investors know this. That's why the $40B was contingent on conversion. When OpenAI reversed course and kept nonprofit control, they had to give the nonprofit a $130B stake. Basically: "You can keep control, but you better make us whole." What happens if they miss targets? The Azure commitment becomes a liability. The AWS deal gets renegotiated. The nonprofit board starts asking why they're burning billions while people die of preventable diseases. Investors start wondering if that $300B valuation was justified. OpenAI is betting they can: 1. More than double revenue annually for 3 years straight 2. Burn $44 billion doing it 3. Keep a nonprofit board happy 4. Fend off Anthropic, Meta, and Chinese competitors 5. Avoid another Sam Altman situation 6. Actually build AGI 7. Convince everyone it was worth it Nobody in history has pulled this off. We're 1 day into 2026. By December 31st, we'll know if OpenAI is the most ambitious company ever built or the biggest AI bubble in history. What are you betting on?

Ricardo

97,607 Aufrufe • vor 9 Monaten

Amazon MGM Studios is handing off the highly-anticipated movie about OpenAI CEO Sam Altman to another studio, CBS News' Jo Ling Kent reports. The move notably follows Amazon's February deal with the AI company to expand OpenAI's use of Amazon Web Services, an agreement that included a $50 billion investment in OpenAI.
1:06

Amazon MGM Studios is handing off the highly-anticipated movie about OpenAI CEO Sam Altman to another studio, CBS News' Jo Ling Kent reports. The move notably follows Amazon's February deal with the AI company to expand OpenAI's use of Amazon Web Services, an agreement that included a $50 billion investment in OpenAI.

CBS News

20,991 Aufrufe • vor 3 Monaten

Microsoft is deceiving you by inflating its AI empire with money it handed its OWN customer first. They sold Wall Street a $37 billion AI business, then went silent the moment its own filing showed where that money came from. The line sits in the annual report for fiscal 2026: Microsoft recorded $24.1 billion of revenue from commercial arrangements with OpenAI, including revenue sharing payments. If you run that figure against Microsoft's own AI disclosures you'll find that OpenAI made up more than half, and likely around 70%, of everything the company counts as AI sales. ONE customer. A Microsoft spokesperson confirmed the figure covers all sales and revenue share from OpenAI. The 70% comes by assuming Microsoft's AI run rate kept growing at the 123% pace the company itself reported in March, which is the company's own optimistic math turned around on it. Now follow where that money starts: Microsoft has put around $12 billion into OpenAI since 2019. OpenAI spends its cash on computing power, and Microsoft is the cloud provider selling it. So the money leaves as an investment and comes back as an Azure bill. Microsoft then books that bill as AI revenue and shows it to investors as proof the AI business is "working." Microsoft invests in OpenAI -> OpenAI buys Microsoft compute -> Microsoft records the payment as AI revenue -> the AI growth story goes to Wall Street And a chunk of it never actually arrived. The same filing shows $6 billion of accounts receivable from OpenAI as of June 30. That is $6 billion of AI revenue Microsoft booked and had not been paid when the year closed. Now here's where it gets really concerning for anyone holding the stock... Microsoft has told the public how big its total AI business is exactly twice. Once for the quarter ending December 2024, when it said the unit was on pace for more than $13 billion a year. And once for the quarter ending March 2026, when Satya Nadella put it on pace for $37 billion. That $37 billion number went everywhere. It was the headline proof that Microsoft had won the AI race. Then fourth quarter earnings arrived, and Microsoft did NOT update it. The company that had been announcing the figure as its own scoreboard stopped announcing the figure. In the same stretch, the filing landed showing where most of it came from. So what is actually left underneath? The full year AI business ran near $34 billion. Take OpenAI out and roughly $10 billion remains. Microsoft has spent about $261 billion on capital expenditure since the start of 2022. That is the scale of the bet against what the rest of the AI business currently brings in. And the one customer holding it up is walking further away every quarter. In October, Microsoft's stake in OpenAI dropped to 27% from 32.5%. In April the partnership was rewritten so OpenAI can sell its products across any cloud it likes, which is how Amazon got a seat at the table. The exclusivity that made this arrangement valuable is gone. The compute bill and the unpaid $6 billion are still on Microsoft's books. Nadella spent two years telling the market Microsoft built the largest AI business in software. The filing shows one client bought most of it, on credit, using money Microsoft partly supplied. So watch the next earnings call: If Microsoft puts a fresh total AI number back on the board, the business found customers beyond OpenAI. If you hear a lot about AI momentum and never hear what it adds up to, you already know why the number went missing. But nonetheless, how is something like this even legal?
0:56

Microsoft is deceiving you by inflating its AI empire with money it handed its OWN customer first. They sold Wall Street a $37 billion AI business, then went silent the moment its own filing showed where that money came from. The line sits in the annual report for fiscal 2026: Microsoft recorded $24.1 billion of revenue from commercial arrangements with OpenAI, including revenue sharing payments. If you run that figure against Microsoft's own AI disclosures you'll find that OpenAI made up more than half, and likely around 70%, of everything the company counts as AI sales. ONE customer. A Microsoft spokesperson confirmed the figure covers all sales and revenue share from OpenAI. The 70% comes by assuming Microsoft's AI run rate kept growing at the 123% pace the company itself reported in March, which is the company's own optimistic math turned around on it. Now follow where that money starts: Microsoft has put around $12 billion into OpenAI since 2019. OpenAI spends its cash on computing power, and Microsoft is the cloud provider selling it. So the money leaves as an investment and comes back as an Azure bill. Microsoft then books that bill as AI revenue and shows it to investors as proof the AI business is "working." Microsoft invests in OpenAI -> OpenAI buys Microsoft compute -> Microsoft records the payment as AI revenue -> the AI growth story goes to Wall Street And a chunk of it never actually arrived. The same filing shows $6 billion of accounts receivable from OpenAI as of June 30. That is $6 billion of AI revenue Microsoft booked and had not been paid when the year closed. Now here's where it gets really concerning for anyone holding the stock... Microsoft has told the public how big its total AI business is exactly twice. Once for the quarter ending December 2024, when it said the unit was on pace for more than $13 billion a year. And once for the quarter ending March 2026, when Satya Nadella put it on pace for $37 billion. That $37 billion number went everywhere. It was the headline proof that Microsoft had won the AI race. Then fourth quarter earnings arrived, and Microsoft did NOT update it. The company that had been announcing the figure as its own scoreboard stopped announcing the figure. In the same stretch, the filing landed showing where most of it came from. So what is actually left underneath? The full year AI business ran near $34 billion. Take OpenAI out and roughly $10 billion remains. Microsoft has spent about $261 billion on capital expenditure since the start of 2022. That is the scale of the bet against what the rest of the AI business currently brings in. And the one customer holding it up is walking further away every quarter. In October, Microsoft's stake in OpenAI dropped to 27% from 32.5%. In April the partnership was rewritten so OpenAI can sell its products across any cloud it likes, which is how Amazon got a seat at the table. The exclusivity that made this arrangement valuable is gone. The compute bill and the unpaid $6 billion are still on Microsoft's books. Nadella spent two years telling the market Microsoft built the largest AI business in software. The filing shows one client bought most of it, on credit, using money Microsoft partly supplied. So watch the next earnings call: If Microsoft puts a fresh total AI number back on the board, the business found customers beyond OpenAI. If you hear a lot about AI momentum and never hear what it adds up to, you already know why the number went missing. But nonetheless, how is something like this even legal?

Ricardo

24,389 Aufrufe • vor 1 Monat

🚨 WARNING: AI BUBBLE IS ABOUT TO BURST Microsoft gave OpenAI $13 BILLION. OpenAI sent it back through Azure. Microsoft booked it as revenue. Amazon and Google are running similar loops with Anthropic while marking up huge paper gains from AI valuations. OpenAI is spending over $60 BILLION a year on compute while generating only $25 BILLION in revenue. Ray Dalio has warned that late stage bubbles are driven by fake flows, not real economics. That is exactly what this is starting to look like.
0:39

🚨 WARNING: AI BUBBLE IS ABOUT TO BURST Microsoft gave OpenAI $13 BILLION. OpenAI sent it back through Azure. Microsoft booked it as revenue. Amazon and Google are running similar loops with Anthropic while marking up huge paper gains from AI valuations. OpenAI is spending over $60 BILLION a year on compute while generating only $25 BILLION in revenue. Ray Dalio has warned that late stage bubbles are driven by fake flows, not real economics. That is exactly what this is starting to look like.

Rekt Fencer

262,857 Aufrufe • vor 4 Monaten

🚨 WARNING: AI BUBBLE IS ABOUT TO BURST Microsoft gave OpenAI $13 BILLION. OpenAI sent it back through Azure. Microsoft booked it as revenue. Amazon and Google are running similar loops with Anthropic while marking up huge paper gains from AI valuations. OpenAI is spending over $60 BILLION a year on compute while generating only $25 BILLION in revenue. Ray Dalio has warned that late stage bubbles are driven by fake flows, not real economics. That is exactly what this is starting to look like.
0:40

🚨 WARNING: AI BUBBLE IS ABOUT TO BURST Microsoft gave OpenAI $13 BILLION. OpenAI sent it back through Azure. Microsoft booked it as revenue. Amazon and Google are running similar loops with Anthropic while marking up huge paper gains from AI valuations. OpenAI is spending over $60 BILLION a year on compute while generating only $25 BILLION in revenue. Ray Dalio has warned that late stage bubbles are driven by fake flows, not real economics. That is exactly what this is starting to look like.

DANNY

107,598 Aufrufe • vor 2 Monaten

Elon Musk offered $97.4 billion to buy OpenAI, and Sam Altman answered in under 60 minutes. “no thank you but we will buy twitter for $9.74 billion if you want.” Same digits, 1/10th the price the insult was in the math. Rewind to 2015, when Musk co-founded OpenAI as a nonprofit, put in $44 million and sent late-night emails about saving humanity. Then he walked. OpenAI took $13 billion from Microsoft, shipped ChatGPT and grew into a $135 billion company without him. Altman wrote him a private email: “I don’t think OpenAI would have happened without you and it really fing hurts when you publicly attack us.” Musk reply came in public instead “Scam Altman,” “Greg Stockman,” and then a lawsuit. In court, OpenAI lawyer handed him a 2018 email from his own inbox, spelling out the plan to raise $10 billion years before he claims he learned of it. Musk, under oath: “I did not read the fine print.” The lawyer: “It’s a 4-page document.” The jury ruled against him unanimously. So count what’s left on the table: a $44 million donation, a $97.4 billion bid dead in an hour, and a $135 billion company run by the man he once mentored. He co-founded the future, then sued it and it won.
5:28

Elon Musk offered $97.4 billion to buy OpenAI, and Sam Altman answered in under 60 minutes. “no thank you but we will buy twitter for $9.74 billion if you want.” Same digits, 1/10th the price the insult was in the math. Rewind to 2015, when Musk co-founded OpenAI as a nonprofit, put in $44 million and sent late-night emails about saving humanity. Then he walked. OpenAI took $13 billion from Microsoft, shipped ChatGPT and grew into a $135 billion company without him. Altman wrote him a private email: “I don’t think OpenAI would have happened without you and it really fing hurts when you publicly attack us.” Musk reply came in public instead “Scam Altman,” “Greg Stockman,” and then a lawsuit. In court, OpenAI lawyer handed him a 2018 email from his own inbox, spelling out the plan to raise $10 billion years before he claims he learned of it. Musk, under oath: “I did not read the fine print.” The lawyer: “It’s a 4-page document.” The jury ruled against him unanimously. So count what’s left on the table: a $44 million donation, a $97.4 billion bid dead in an hour, and a $135 billion company run by the man he once mentored. He co-founded the future, then sued it and it won.

West Lord

4,445,687 Aufrufe • vor 2 Monaten

The case of Elon Musk vs OpenAI CEO Sam Altman starts TODAY Jury selection begins today Monday, April 27 in federal court in Oakland, California Elon Musk is suing Sam Altman for betraying the original mission of OpenAi being a nonprofit after providing 60% of the seed funding to begin the company “The two were founding co-chairs of OpenAI years ago. Musk says he gave OpenAI $38 million during its early years, or what he says was 60% of the non-profit's seed funding. Now Musk, who also runs the AI startup called XAI Claims. Altman and others took his money and betrayed OpenAI's original non-profit status. In October, OpenAI finished restructuring with the for-profit organization reporting into a non-profit foundation” “But Altman's side says Musk agreed with them years ago about the need to convert OpenAI into a for-profit company” (VERY likely a lie) Scam Altman went from nonprofit to -> maximum profit Opening arguments are expected to begin tomorrow
2:06

The case of Elon Musk vs OpenAI CEO Sam Altman starts TODAY Jury selection begins today Monday, April 27 in federal court in Oakland, California Elon Musk is suing Sam Altman for betraying the original mission of OpenAi being a nonprofit after providing 60% of the seed funding to begin the company “The two were founding co-chairs of OpenAI years ago. Musk says he gave OpenAI $38 million during its early years, or what he says was 60% of the non-profit's seed funding. Now Musk, who also runs the AI startup called XAI Claims. Altman and others took his money and betrayed OpenAI's original non-profit status. In October, OpenAI finished restructuring with the for-profit organization reporting into a non-profit foundation” “But Altman's side says Musk agreed with them years ago about the need to convert OpenAI into a for-profit company” (VERY likely a lie) Scam Altman went from nonprofit to -> maximum profit Opening arguments are expected to begin tomorrow

Wall Street Apes

19,516 Aufrufe • vor 5 Monaten

ELON MUSK JUST EXPLAINED WHY HE DOESN’T TRUST SAM ALTMAN. “I’m not a fan of Sam Altman.” Musk says OpenAI was supposed to be a nonprofit, open-source AI company owned by the world. Instead, he argues it became an ~$800 billion for-profit company with closed-source AI. His point? “If you donated money for one mission, then watched it become the exact opposite, wouldn’t you question it?” “That’s my issue, and I think it’s a legitimate one.” Musk also claims Anthropic exists because its founders didn’t trust Altman enough to stay at OpenAI. His conclusion: “Otherwise, Anthropic wouldn’t exist.” That’s a serious accusation.
1:08

ELON MUSK JUST EXPLAINED WHY HE DOESN’T TRUST SAM ALTMAN. “I’m not a fan of Sam Altman.” Musk says OpenAI was supposed to be a nonprofit, open-source AI company owned by the world. Instead, he argues it became an ~$800 billion for-profit company with closed-source AI. His point? “If you donated money for one mission, then watched it become the exact opposite, wouldn’t you question it?” “That’s my issue, and I think it’s a legitimate one.” Musk also claims Anthropic exists because its founders didn’t trust Altman enough to stay at OpenAI. His conclusion: “Otherwise, Anthropic wouldn’t exist.” That’s a serious accusation.

Ryan Carter

31,425 Aufrufe • vor 24 Tagen

Sam Altman just dropped the most insane business flex in tech history. OpenAI doing $13 BILLION in revenue this year. Projecting $100 BILLION by 2027. That's a 7.7X in revenue in 2 years. But they also just committed $1.4 TRILLION to infrastructure over 8 years. When a reporter asked "how the fuck are you paying for that?" Sam literally said: "We're doing WELL MORE revenue than reported. If you don't like it, I'll find someone to buy your shares." Then Satya Nadella (Microsoft CEO) just laughed. This is the most aggressive "fuck around and find out" energy I've ever seen from a CEO. OpenAI is literally spending 107X their current revenue on infrastructure. That's not a typo. ONE HUNDRED AND SEVEN TIMES Most cloud companies spend 15-30% of revenue on infrastructure. OpenAI? 10,700%. This is either: The biggest bet in tech history. OR The setup for the most catastrophic collapse since Theranos. And Sam's basically daring short-sellers to try him. "I would LOVE to see them get burned on that." Meanwhile they're losing $12 BILLION per quarter. Microsoft's latest earnings showed a $4 billion charge that implies OpenAI burned through $12B last quarter alone. But Sam doesn't care. He's doubling down. $300 billion deal with Oracle. $100 billion with Nvidia. Tens of billions more with AMD, Broadcom, and AWS. All while the company isn't even profitable. When the podcast host asked if OpenAI could hit $100 billion by 2028 or 2029... Sam cut him off and said: "How about '27?" This man is either: A) The next Elon Musk building the future. B) About to pull off the biggest financial implosion in tech history. There's literally no middle ground here. Either OpenAI becomes a trillion-dollar company. Or it goes down as the most expensive failure ever. And Sam's basically telling everyone who doubts him to short the stock so he can watch them burn...
2:14

Sam Altman just dropped the most insane business flex in tech history. OpenAI doing $13 BILLION in revenue this year. Projecting $100 BILLION by 2027. That's a 7.7X in revenue in 2 years. But they also just committed $1.4 TRILLION to infrastructure over 8 years. When a reporter asked "how the fuck are you paying for that?" Sam literally said: "We're doing WELL MORE revenue than reported. If you don't like it, I'll find someone to buy your shares." Then Satya Nadella (Microsoft CEO) just laughed. This is the most aggressive "fuck around and find out" energy I've ever seen from a CEO. OpenAI is literally spending 107X their current revenue on infrastructure. That's not a typo. ONE HUNDRED AND SEVEN TIMES Most cloud companies spend 15-30% of revenue on infrastructure. OpenAI? 10,700%. This is either: The biggest bet in tech history. OR The setup for the most catastrophic collapse since Theranos. And Sam's basically daring short-sellers to try him. "I would LOVE to see them get burned on that." Meanwhile they're losing $12 BILLION per quarter. Microsoft's latest earnings showed a $4 billion charge that implies OpenAI burned through $12B last quarter alone. But Sam doesn't care. He's doubling down. $300 billion deal with Oracle. $100 billion with Nvidia. Tens of billions more with AMD, Broadcom, and AWS. All while the company isn't even profitable. When the podcast host asked if OpenAI could hit $100 billion by 2028 or 2029... Sam cut him off and said: "How about '27?" This man is either: A) The next Elon Musk building the future. B) About to pull off the biggest financial implosion in tech history. There's literally no middle ground here. Either OpenAI becomes a trillion-dollar company. Or it goes down as the most expensive failure ever. And Sam's basically telling everyone who doubts him to short the stock so he can watch them burn...

Ricardo

430,018 Aufrufe • vor 10 Monaten

Jason Calacanis issues a brutal warning to every developer: “If I were any kind of developer, I would never work with Sam Altman and OpenAI” “This is a warning for anybody dumb enough to use Sam Altman’s OpenAI API” He says Altman is actively studying exactly how you use the API because he wants every single dollar of revenue from the entire ecosystem. No prisoners Sam comes from the Zuckerberg school of business: give people tools, study what they build, and like the Borg, steal every innovation they create Exactly like Bill Gates did at Microsoft - let people build Lotus 1-2-3 then release Excel, let them build WordPerfect and WordStar then release Microsoft Word
1:10

Jason Calacanis issues a brutal warning to every developer: “If I were any kind of developer, I would never work with Sam Altman and OpenAI” “This is a warning for anybody dumb enough to use Sam Altman’s OpenAI API” He says Altman is actively studying exactly how you use the API because he wants every single dollar of revenue from the entire ecosystem. No prisoners Sam comes from the Zuckerberg school of business: give people tools, study what they build, and like the Borg, steal every innovation they create Exactly like Bill Gates did at Microsoft - let people build Lotus 1-2-3 then release Excel, let them build WordPerfect and WordStar then release Microsoft Word

X Freeze

512,420 Aufrufe • vor 7 Monaten

Elon Musk on Sam Altman: "I'm not a fan of Sam Altman because if you started a non-profit that was meant to be an open source AI company and it somehow got turned into an 800 billion dollar for-profit company with closed source, I think you'd be like, well, wait a second, that's the exact opposite of what I donated the money for. That's my issue. I think it's a legitimate one. And then Dario, I think, also is not a fan of Sam Altman because he felt, in fact, the reason the Anthropic team left OpenAI is because they didn't trust Sam Altman. Otherwise Anthropic wouldn't exist. They would still be at OpenAI. But at the end of the day, if we have to talk, we'll talk.I mean, set aside our personal differences for the good of the world."
1:25

Elon Musk on Sam Altman: "I'm not a fan of Sam Altman because if you started a non-profit that was meant to be an open source AI company and it somehow got turned into an 800 billion dollar for-profit company with closed source, I think you'd be like, well, wait a second, that's the exact opposite of what I donated the money for. That's my issue. I think it's a legitimate one. And then Dario, I think, also is not a fan of Sam Altman because he felt, in fact, the reason the Anthropic team left OpenAI is because they didn't trust Sam Altman. Otherwise Anthropic wouldn't exist. They would still be at OpenAI. But at the end of the day, if we have to talk, we'll talk.I mean, set aside our personal differences for the good of the world."

DogeDesigner

240,735 Aufrufe • vor 2 Monaten

Sam Altman just got sued by Apple. And that's not even his biggest problem this year!! His own co-founder, Elon Musk, spent two years trying to prove in court that Altman betrayed him. 😯 Now Apple says OpenAI stole its secrets too. Two billion-dollar wars. One CEO in the middle. 🤨 Back in 2015, Musk and Altman built OpenAI as a nonprofit, a lab to build AI safely before Google could lock it down. Musk put in $38 million. Altman turned OpenAI into a for-profit company. Apple's claim: OpenAI stole its secrets to build it. OpenAI's hardware boss, Tang Tan, a former Apple VP, allegedly told job candidates still at Apple to bring "actual parts," like batteries and logic boards, for "show and tell." Is his empire standing on stolen ground? 🤔 Tell us what you think, and subscribe Donald J Trump Posts TruthSocial for more.
2:40

Sam Altman just got sued by Apple. And that's not even his biggest problem this year!! His own co-founder, Elon Musk, spent two years trying to prove in court that Altman betrayed him. 😯 Now Apple says OpenAI stole its secrets too. Two billion-dollar wars. One CEO in the middle. 🤨 Back in 2015, Musk and Altman built OpenAI as a nonprofit, a lab to build AI safely before Google could lock it down. Musk put in $38 million. Altman turned OpenAI into a for-profit company. Apple's claim: OpenAI stole its secrets to build it. OpenAI's hardware boss, Tang Tan, a former Apple VP, allegedly told job candidates still at Apple to bring "actual parts," like batteries and logic boards, for "show and tell." Is his empire standing on stolen ground? 🤔 Tell us what you think, and subscribe Donald J Trump Posts TruthSocial for more.

Donald J Trump Posts TruthSocial

659,623 Aufrufe • vor 2 Monaten

"I don't even know the f***ing product lines. Where is all the revenue coming from?" Sam Altman: "Actually... I think we should be more of a platform company than a product company." *This 2 minute section is astounding because Sam Altman just admitted: 1) AI (LLMs) are a commodity; meaning they're easily substitutable, suffering from extreme boom and bust cycles. 2) OpenAI doesn't have any products, they're relying on users to build them. 3) They want to be a service provider, putting them in direct competition in a space already dominated by Oracle, Amazon, Microsoft and Google. The scary part is Sam doesn't realize he just told the world that the emperor has no clothes.
2:04

"I don't even know the f***ing product lines. Where is all the revenue coming from?" Sam Altman: "Actually... I think we should be more of a platform company than a product company." *This 2 minute section is astounding because Sam Altman just admitted: 1) AI (LLMs) are a commodity; meaning they're easily substitutable, suffering from extreme boom and bust cycles. 2) OpenAI doesn't have any products, they're relying on users to build them. 3) They want to be a service provider, putting them in direct competition in a space already dominated by Oracle, Amazon, Microsoft and Google. The scary part is Sam doesn't realize he just told the world that the emperor has no clothes.

Financelot

482,187 Aufrufe • vor 1 Monat

ELON MUSK JUST EXPLAINED WHY HE DOESN’T TRUST SAM ALTMAN. “I’m not a fan of Sam Altman.” Musk argues that OpenAI was originally created as a nonprofit, open-source AI organization meant to serve the public. But in his view, it eventually became an ~$800 billion for-profit company with closed-source AI. His argument is simple: “If you gave money to support one mission, then watched the organization move in the complete opposite direction, wouldn’t you question it?” “That’s my issue, and I think it’s a legitimate one.” Musk also claims Anthropic was created because some OpenAI founders lost trust in Altman. His conclusion: “Otherwise, Anthropic wouldn’t exist.” That’s a serious claim.
1:08

ELON MUSK JUST EXPLAINED WHY HE DOESN’T TRUST SAM ALTMAN. “I’m not a fan of Sam Altman.” Musk argues that OpenAI was originally created as a nonprofit, open-source AI organization meant to serve the public. But in his view, it eventually became an ~$800 billion for-profit company with closed-source AI. His argument is simple: “If you gave money to support one mission, then watched the organization move in the complete opposite direction, wouldn’t you question it?” “That’s my issue, and I think it’s a legitimate one.” Musk also claims Anthropic was created because some OpenAI founders lost trust in Altman. His conclusion: “Otherwise, Anthropic wouldn’t exist.” That’s a serious claim.

Ryan Carter

27,762 Aufrufe • vor 9 Tagen

BREAKING: Elon Musk has LOST his landmark lawsuit against OpenAI after a California jury determined that the statute of limitations had run out on his key claims. CNN: “[The jury] found that Elon Musk waited too long to bring this case against OpenAI and Sam Altman... OpenAI transitioned to this for-profit structure 5 years ago; the statute of limitations was 3 years ago.” The trial centered on Musk’s accusations that OpenAI betrayed its original nonprofit mission — which he helped found and fund with tens of millions — by shifting to a for-profit model. Musk was seeking up to $150B in damages, OpenAI to shift back to a non-profit, and for Sam Altman to lose his job.
1:44

BREAKING: Elon Musk has LOST his landmark lawsuit against OpenAI after a California jury determined that the statute of limitations had run out on his key claims. CNN: “[The jury] found that Elon Musk waited too long to bring this case against OpenAI and Sam Altman... OpenAI transitioned to this for-profit structure 5 years ago; the statute of limitations was 3 years ago.” The trial centered on Musk’s accusations that OpenAI betrayed its original nonprofit mission — which he helped found and fund with tens of millions — by shifting to a for-profit model. Musk was seeking up to $150B in damages, OpenAI to shift back to a non-profit, and for Sam Altman to lose his job.

RedWave Press

14,341 Aufrufe • vor 4 Monaten

Michael Saylor talked about not selling Bitcoin for years now he just signed off on selling up to $1.25 billion of Bitcoin to build a USD reserve and $MSTR sits on one of the biggest unrealized losses in history at $13 billion is $MSTR going bankrupt?
1:13

Michael Saylor talked about not selling Bitcoin for years now he just signed off on selling up to $1.25 billion of Bitcoin to build a USD reserve and $MSTR sits on one of the biggest unrealized losses in history at $13 billion is $MSTR going bankrupt?

Ashley

58,483 Aufrufe • vor 3 Monaten

THIS IS ABSOLUTELY RIDICULOUS. OpenAI and Anthropic are losing money on every dollar they make. OpenAI generated $20 billion in revenue in 2025 and is projected to lose $14 billion in the same year. Internal forecasts project cumulative losses hitting $44 billion by 2028. The company's own CFO warned executives in April 2026 that OpenAI might struggle to finance upcoming computing deals if revenue growth slows. Anthropic reached $4.3 billion in annualized revenue in April 2026 against $19 billion in total costs. It spends $3 to make $1, and is not expected to stop burning cash until 2027. Now look at what these two companies have committed to spend. OpenAI and Anthropic together have committed $1.05 trillion in cloud spending to Microsoft, Oracle, Google and Amazon, making up 43 to 54% of each provider's entire future revenue backlog. - Microsoft: $627B total backlog. OpenAI and Anthropic account for 49%. - Oracle: $553B total backlog. OpenAI alone accounts for 54%. - Google: $467.6B total backlog. Anthropic accounts for 43%. - Amazon: $464B total backlog. OpenAI and Anthropic account for 51%. The entire cloud industry's future revenue is a bet on two companies losing billions every quarter. Microsoft, Alphabet, Meta and Amazon are collectively expected to spend $725 billion in capex in 2026, almost entirely on AI infrastructure. Combined hyperscaler capex from 2025 to 2027 is projected at $1.15 trillion, more than double what was spent from 2022 to 2024. What is the return on all of this? McKinsey's 2025 State of AI survey found that only a minority of companies reported AI meaningfully increased revenue or reduced costs. Enterprise generative AI spending grew from $1.7 billion in 2023 to $37 billion in 2025 and most CIOs still describe their initiatives as pilots without clear ROI metrics. Microsoft's AI business is running at a $37 billion annual revenue run rate with 123% year over year growth. That sounds impressive until you realize most of the capex funding is justified by expected future AI revenue rather than current AI profit. The internet burned money for years before it became the most profitable industry in history. But right now $1 trillion in committed cloud spend, $725 billion in annual capex, two loss-making customers making up half of every major cloud provider's revenue backlog, and the enterprises writing the checks cannot tell you if any of it is working.
0:22

THIS IS ABSOLUTELY RIDICULOUS. OpenAI and Anthropic are losing money on every dollar they make. OpenAI generated $20 billion in revenue in 2025 and is projected to lose $14 billion in the same year. Internal forecasts project cumulative losses hitting $44 billion by 2028. The company's own CFO warned executives in April 2026 that OpenAI might struggle to finance upcoming computing deals if revenue growth slows. Anthropic reached $4.3 billion in annualized revenue in April 2026 against $19 billion in total costs. It spends $3 to make $1, and is not expected to stop burning cash until 2027. Now look at what these two companies have committed to spend. OpenAI and Anthropic together have committed $1.05 trillion in cloud spending to Microsoft, Oracle, Google and Amazon, making up 43 to 54% of each provider's entire future revenue backlog. - Microsoft: $627B total backlog. OpenAI and Anthropic account for 49%. - Oracle: $553B total backlog. OpenAI alone accounts for 54%. - Google: $467.6B total backlog. Anthropic accounts for 43%. - Amazon: $464B total backlog. OpenAI and Anthropic account for 51%. The entire cloud industry's future revenue is a bet on two companies losing billions every quarter. Microsoft, Alphabet, Meta and Amazon are collectively expected to spend $725 billion in capex in 2026, almost entirely on AI infrastructure. Combined hyperscaler capex from 2025 to 2027 is projected at $1.15 trillion, more than double what was spent from 2022 to 2024. What is the return on all of this? McKinsey's 2025 State of AI survey found that only a minority of companies reported AI meaningfully increased revenue or reduced costs. Enterprise generative AI spending grew from $1.7 billion in 2023 to $37 billion in 2025 and most CIOs still describe their initiatives as pilots without clear ROI metrics. Microsoft's AI business is running at a $37 billion annual revenue run rate with 123% year over year growth. That sounds impressive until you realize most of the capex funding is justified by expected future AI revenue rather than current AI profit. The internet burned money for years before it became the most profitable industry in history. But right now $1 trillion in committed cloud spend, $725 billion in annual capex, two loss-making customers making up half of every major cloud provider's revenue backlog, and the enterprises writing the checks cannot tell you if any of it is working.

Crypto Rover

58,862 Aufrufe • vor 4 Monaten