PaperImperium(@ImperiumPaper):Best reason to be hesitant as a CEO about going all-in on AI? You don’t actually know what the cost structure will be when AI companies can’t afford to give it away at a loss. Labor may still be cheaper if enough cost savings don’t materialize.

2026.10.05 20:03

Best reason to be hesitant as a CEO about going all-in on AI? You don’t actually know what the cost structure will be when AI companies can’t afford to give it away at a loss. Labor may still be cheaper if enough cost savings don’t materialize.

Ryan Cummings@weakinstrument

2026.10.05 16:07

Jared Bernstein and I are looking at the AI labs this week. We show they're losing money in historically large amounts and fast, too; e.g. OpenAI has lost nearly 75% of the amount of money Uber cumulatively lost over 8 years. We also highlight their fragile financing structures