[TwoCent]

>But you're comparing these AI companies to WeWork? Really?

It's the first tool that came to hand: I'm sure there are better historical comparisons if I bothered to look. For professional reasons, I was well acquainted with WeWork when they were a big deal. It was clear to many of us in advance of their collapse that WeWork was heading for a hard crash based on their lease commitments and other public data. In this case, public data, such as for OpenAI and Anthropic, strongly suggests that, like WeWork, the economics of the businesses don't make sense. There are some fundamentals that no amount of innovation can overcome. Committing to leases you can't conceivably cover is one of them. Spending $2.35 for every $1 of revenue is clearly another, absent some breakthrough.

WeWork is not a perfect example. But if OpenAI flames out, it will be mentioned in the same breath as WeWork. The reasons are not the same, but they do sort of rhyme.