Karl Yeh

And so this is really the only other major news story I had, other than Black Friday and Black Friday deals and stuff like that that's come up, we could talk about later maybe.

But what I saw, this was out of the newsletter, the AI Secret, and it said, what's happening?

Sam Altman tells investors OpenAI will hit cashflow positive by 2029.

HSBC just tore that up, projecting a $207 billion shortfall by 2030 and labeling the company a money pit with a website on top.

That's some strong wording.

Both are looking at the same growth curve.

But from opposite ends of the spreadsheet, Altman sees compounding revenue and efficiency.

HSBC sees linear power bills and debt markets closing fast.

So their point in this or the AI secret, which usually takes a little bit more of a harder hit on this, which is not good or bad.

It's just the way the AI secret writes their newsletter.

It makes them different, I guess.

So they're basically saying, you know, open AI model treats compute as an upfront bet on exponential demand because the more GPUs it deploys, the faster the flywheel spins.

HSBC runs it like a utility.

Each teraflop is a meter reading, not a multiplier.

To one side, AI is the next internet.

To the other side, it's the world's most expensive data center co-op.

Altman is selling acceleration.

HSBC is calculating amortization.

And I just thought that was a really great way of sort of looking at the same exact, like they said, they're looking at the same growth curve and you've got Altman and other big players saying, hey, look, we're seeing huge advancements with compute and where things can go.

So we're just projecting forward and, hey, that looks like we're going to be cashflow positive.