Henry Blodget in Business Insider asks if OpenAI’s missed targets are limited to the company or signal an AI shakeout

In a Business Insider opinion piece, Henry Blodget, cofounder and former CEO of Business Insider, examined whether OpenAI's recent missed targets on revenue and weekly users signal trouble for OpenAI specifically or mark the start of a broader pullback in the AI bubble. Blodget noted that OpenAI missed its internal goal of reaching 1B weekly users by the end of last year and lost share to Google's Gemini and Anthropic's Claude, drawing parallels to Amazon's revenue miss in early 2000 that preceded a 90%-plus stock decline before the company's eventual recovery. Blodget wrote that OpenAI would need to generate roughly $20B in annual profit to justify its current valuation but is expected to burn around $200B in cash before turning a profit, adding that “many turtles hatch. Few make it to the sea.”