OpenAI
AI’s Debt Problem: How the Labs Hide a Staggering Bill
AI labs are routing hundreds of billions in debt through SPVs and leases, hiding a $1.65T liability that never reaches the balance sheet.
OpenAI’s Jalapeño Chip Just Rewrote Inference Economics
OpenAI published the first benchmarks for Jalapeño, its custom inference chip built with Broadcom — up to 1.9x throughput per kilowatt and 3.6x lower latency than a current Nvidia Blackwell system. Here's what the numbers mean for token prices, agents, and Nvidia's moat.
Why AI’s Hottest Startups Stopped Publishing Research
Frontier AI labs used to publish their research openly — until they didn't. We trace the great AI transparency reversal from GPT-4's locked-down report to 2026, and show how open source has filled the gap, getting within one release cycle of the frontier.
After the AI Crash: What Survives When the Bubble Bursts
The AI investment bubble is deflating in plain sight: $1 trillion wiped from Big Tech in a single week, GPU rental prices down 75%, and bond markets repricing hyperscaler debt. We break down which AI companies are genuinely overvalued, which have real revenue, and what actually survives when the correction finishes its work.
