OpenAI’s $122 Billion Burn Rate Sparks Debate on AI Spending Excesses

On a recent Animal Spirits Podcast episode, co-host Ben Carlson summed up the AI capex worry plainly: “If there’s one obvious risk that’s going to cause excesses to happen in a big downturn, like AI has to be it.” The setup was a Wall Street Journal report flagged by his co-host Michael Batnick: OpenAI raised ... OpenAI’s $122 Billion Burn Rate Sparks Debate on AI Spending Excesses