OpenAI Goes From Stock Market Savior to Burden as AI Risks Mount

Michael Burry, known for his critical views on major tech stocks, has intensified his scrutiny of OpenAI and Palantir, sharing pointed observations on social media that reflect his negative sentiment towards these companies. His latest commentary highlights concerns about their market positions and future prospects amid rising competition and operational challenges.

OpenAI, once hailed as a stock market savior, is now perceived as a burden as risks associated with the company escalate, particularly in light of intensified competition from Alphabet and its AI initiatives. This shift in sentiment reflects growing concerns about OpenAI's financial stability and its ability to maintain market dominance.

AI labs including Meta, Deepseek, and Xai received poor ratings on an existential safety index, with Anthropic, OpenAI, and Google DeepMind achieving grades of C+ or C. This assessment highlights significant concerns regarding the safety protocols and ethical considerations of these companies in the rapidly evolving AI landscape.

SpaceX, founded by Elon Musk, is reportedly discussing a record valuation that could exceed $800 billion, with plans for an initial public offering (IPO) as early as 2026. This valuation would surpass OpenAI's previous record of $500 billion, indicating significant investor confidence in SpaceX's future prospects.

SpaceX, the rocket manufacturing company founded by Elon Musk, is aiming for an $800 billion valuation in its latest share sale, which would position it as the most valuable start-up, surpassing OpenAI. This move reflects the company's ongoing growth and ambition in the competitive aerospace sector.