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← AI pricing is a big market delusion: each company’s implied revenues…
17 connected korrents · 16 moments on record from 18 Mar 2024 to 5 Sept 2026.
Everything filed under OpenAI
OpenAI
Everything filed under cybersecurity
cybersecurity
Everything filed under HuggingFace
HuggingFace
Everything filed under semiconductors
semiconductors
Everything filed under market efficiency
market efficiency Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Read this korrent: AI pricing is a big market delusion: each company’s implied revenues look plausible alone, but added together they exceed any market that could exist. AI pricing is a big market delusion: each company’s implied revenues look plausible alone, but added together they exceed any market that could exist. Last stated 9 months ago
3 Dec 2025
AD
Aswath Damodaran — holds since 2025-12-03 — tap for who they are
Same subject: The revenue growth and margins needed to justify Nvidia’s and OpenAI’s late-2025 pricing are improbable. — tap to centre the map on it The revenue growth and margins needed to justify Nvidia’s and OpenAI’s late-2025 pricing are improbable. Last stated 9 months ago
3 Dec 2025
AD
Aswath Damodaran — holds since 2025-12-03 — tap for who they are
Same subject: When the subsidies behind AI pricing run out, the companies that embraced AI programming will cut back on it. — tap to centre the map on it When the subsidies behind AI pricing run out, the companies that embraced AI programming will cut back on it. Last stated 2 months ago
24 Jun 2026
NE
NeetCode — holds since 2026-06-24 — tap for who they are
Same subject: Even the most advanced AI cannot be followed blindly in investing, where value added is zero-sum and what is widely known is therefore worth little. — tap to centre the map on it Even the most advanced AI cannot be followed blindly in investing, where value added is zero-sum and what is widely known is therefore worth little. Last stated 3 months ago
10 Jun 2026
RD
Ray Dalio — holds since 2026-06-10 — tap for who they are
Same subject: The faster AI progresses, the better NVIDIA does, so a shock like DeepSeek should expand its market rather than shrink it. — tap to centre the map on it The faster AI progresses, the better NVIDIA does, so a shock like DeepSeek should expand its market rather than shrink it. Last stated 2 years ago
3 Feb 2025
NL
Nathan Lambert — holds since 2025-02-03 — tap for who they are
Same subject: Even with human-like learners, competition will split the AI market into specialised niches rather than hand it to one company. — tap to centre the map on it Even with human-like learners, competition will split the AI market into specialised niches rather than hand it to one company. Last stated 9 months ago
25 Nov 2025
IS
Ilya Sutskever — holds since 2025-11-25 — tap for who they are
Same subject: An AI as good as a top researcher will not be priced like one, because it competes against the other labs rather than against humans. — tap to centre the map on it An AI as good as a top researcher will not be priced like one, because it competes against the other labs rather than against humans. Last stated a year ago
15 Aug 2025
CH
Casey Handmer — holds since 2025-08-15 — tap for who they are
Same subject: There is no AI bubble on the demand side: the shortage of computing capacity is global, and spans every company and industry. — tap to centre the map on it There is no AI bubble on the demand side: the shortage of computing capacity is global, and spans every company and industry. Last stated 8 months ago
8 Jan 2026
JH
Jensen Huang — holds since 2026-01-08 — tap for who they are
Same subject: Inference is a high-margin business even for a middleman: renting GPUs at scale, some models carry an eighty per cent margin over their sticker price. — tap to centre the map on it Inference is a high-margin business even for a middleman: renting GPUs at scale, some models carry an eighty per cent margin over their sticker price. Last stated 3 months ago
27 May 2026
DR
Dax Raad — holds since 2026-05-27 — tap for who they are
Same subject: A startup should not begin life as a nonprofit and bolt a for-profit arm on later, whatever OpenAI's own history suggests. — tap to centre the map on it A startup should not begin life as a nonprofit and bolt a for-profit arm on later, whatever OpenAI's own history suggests. Last stated 2 years ago
18 Mar 2024
SA
Sam Altman — holds since 2024-03-18 — tap for who they are
Same subject: A technique that lets an AI model's reasoning shift outside its visible Chain of Thought is dangerous, both because it works and because a leading lab is willing to deploy it. — tap to centre the map on it A technique that lets an AI model's reasoning shift outside its visible Chain of Thought is dangerous, both because it works and because a leading lab is willing to deploy it. Last stated 5 days ago
3 Sept 2026
ZM
Zvi Mowshowitz — holds since 2026-09-03 — tap for who they are
Same subject: A tiny language model inventing a plausible-sounding name is the same phenomenon as a large one confidently stating a false fact. — tap to centre the map on it A tiny language model inventing a plausible-sounding name is the same phenomenon as a large one confidently stating a false fact. Last stated 7 months ago
12 Feb 2026
AK
Andrej Karpathy — holds since 2026-02-12 — tap for who they are
Same subject: At any given moment the frontier systems are the ones worth worrying about, because by the time open models can do what these agents did, frontier models will be doing something far worse. — tap to centre the map on it At any given moment the frontier systems are the ones worth worrying about, because by the time open models can do what these agents did, frontier models will be doing something far worse. Last stated a week ago
1 Sept 2026
AC
Ajeya Cotra — holds since 2026-09-01 — tap for who they are
Same subject: Frontier AI labs such as Anthropic likely have had internal security incidents similar to OpenAI's HuggingFace attack that were never publicly disclosed. — tap to centre the map on it Frontier AI labs such as Anthropic likely have had internal security incidents similar to OpenAI's HuggingFace attack that were never publicly disclosed. Last stated a week ago
31 Aug 2026
ZM
Zvi Mowshowitz — holds since 2026-08-31 — tap for who they are
Same subject: The AI models involved in the HuggingFace hack incident were severely misaligned, not merely victims of process failures. — tap to centre the map on it The AI models involved in the HuggingFace hack incident were severely misaligned, not merely victims of process failures. Last stated a week ago
29 Aug 2026
ZM
Zvi Mowshowitz — holds since 2026-08-29 — tap for who they are
Same subject: AI has passed nearly every human at finding security vulnerabilities, because the work is chaining together small flaws that are harmless on their own. — tap to centre the map on it AI has passed nearly every human at finding security vulnerabilities, because the work is chaining together small flaws that are harmless on their own. Last stated 2 weeks ago
26 Aug 2026
DH
David Heinemeier Hansson — holds since 2026-08-26 — tap for who they are
Same subject: AI-enabled cyberwarfare lacks an equivalent of nuclear deterrence's mutually assured destruction. — tap to centre the map on it AI-enabled cyberwarfare lacks an equivalent of nuclear deterrence's mutually assured destruction. Last stated 3 days ago
5 Sept 2026
NS
Noah Smith — holds since 2026-09-05 — tap for who they are
Same subject: AI-related cybersecurity damage over the next year or two will fall well short of the harm caused by Covid or global warming — tap to centre the map on it AI-related cybersecurity damage over the next year or two will fall well short of the harm caused by Covid or global warming Last stated a week ago
1 Sept 2026
TC
Tyler Cowen — holds since 2026-09-01 — tap for who they are
At the centre
AI pricing is a big market delusion: each company’s implied revenues look plausible alone, but added together they exceed any market that could exist.
Holds AD Aswath DamodaranRead this korrent →
The revenue growth and margins needed to justify Nvidia’s and OpenAI’s late-2025 pricing are improbable.
Holds AD Aswath Damodaran
When the subsidies behind AI pricing run out, the companies that embraced AI programming will cut back on it.
Holds NE NeetCode
Even the most advanced AI cannot be followed blindly in investing, where value added is zero-sum and what is widely known is therefore worth little.
Holds
The faster AI progresses, the better NVIDIA does, so a shock like DeepSeek should expand its market rather than shrink it.
Holds NL Nathan Lambert
Even with human-like learners, competition will split the AI market into specialised niches rather than hand it to one company.
Holds IS Ilya Sutskever
An AI as good as a top researcher will not be priced like one, because it competes against the other labs rather than against humans.
Holds CH Casey Handmer
There is no AI bubble on the demand side: the shortage of computing capacity is global, and spans every company and industry.
Holds JH Jensen Huang
Inference is a high-margin business even for a middleman: renting GPUs at scale, some models carry an eighty per cent margin over their sticker price.
Holds
A startup should not begin life as a nonprofit and bolt a for-profit arm on later, whatever OpenAI's own history suggests.
Holds
A technique that lets an AI model's reasoning shift outside its visible Chain of Thought is dangerous, both because it works and because a leading lab is willing to deploy it.
Holds ZM Zvi Mowshowitz
A tiny language model inventing a plausible-sounding name is the same phenomenon as a large one confidently stating a false fact.
Holds
At any given moment the frontier systems are the ones worth worrying about, because by the time open models can do what these agents did, frontier models will be doing something far worse.
Holds AC Ajeya Cotra
Frontier AI labs such as Anthropic likely have had internal security incidents similar to OpenAI's HuggingFace attack that were never publicly disclosed.
Holds ZM Zvi Mowshowitz
The AI models involved in the HuggingFace hack incident were severely misaligned, not merely victims of process failures.
Holds ZM Zvi Mowshowitz
AI has passed nearly every human at finding security vulnerabilities, because the work is chaining together small flaws that are harmless on their own.
Holds
AI-enabled cyberwarfare lacks an equivalent of nuclear deterrence's mutually assured destruction.
Holds
AI-related cybersecurity damage over the next year or two will fall well short of the harm caused by Covid or global warming
Holds TC Tyler Cowen