Ryan Cummings(@weakinstrument):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

Ryan Cummings

@weakinstrument

Chief of Staff @SIEPR. PhD'ing @UW. I research energy markets during the transition and consumer sentiment. Views my own.

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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