Despite soaring valuation, uncertainty clouds the outlook for OpenAI

Three years after ChatGPT made OpenAI the leader in artificial intelligence and a household name, rivals have closed the gap and some investors are wondering if the sensation has the wherewithal to stay dominant. Investor Michael Burry, made famous in the film The Big Short, recently likened OpenAI to Netscape, which ruled the web-browser market in the mid-1990s only to lose to Microsoft's Internet Explorer. OpenAI is the next Netscape, doomed and hemorrhaging cash, Burry said recently in a post on X, formerly Twitter. In a time of both misinformation and too much information, quality journalism is more crucial than ever. By subscribing, you can help us get the story right.