George Noble, the former Fidelity manager of its highly successful Overseas Fund and now vocal siren of financial bubbles, has a new target for his bubble skepticism: OpenAI.
In a viral X post that has generated nearly 2 million views in less than 24 hours, Noble wrote:
OPENAI IS FALLING APART IN REAL TIME
George Noble on OPenAI
I’ve watched companies implode for decades.
This one has all the warning signs.
* * *
Noble also noted the lawsuits OpenAI faces: “And now Elon Musk is suing for up to $134 billion. A federal judge just ruled the case goes to jury trial in April. There’s ‘plenty of evidence’ that OpenAI’s leaders promised to maintain the nonprofit structure that Musk funded…The diminishing returns are becoming impossible to hide. Competitors are catching up. The lawsuits are piling up.”
Click on the post below to read the full assessment of Noble:
ChatGPT says Noble’s assessment of OpenAI is “directionally right” but finds a low probability of collapse
We asked ChatGPT to assess Noble’s assessment of OpenAI.
Surprisingly, ChatGPT largely agrees that Noble is “directionally right.” But ChatGPT states that a total collapse is less likely than a major restructuring of the company.
ChatGPT’s assessment of Noble’s assessment of OpenAI’s business:
Do you like these numbers if you are OpenAI?