Overview

• Sam Altman warned that investor enthusiasm for AI has become bubble-like, likening current valuations to the late-1990s dot-com era and cautioning that “someone’s gonna get burned.”
• He acknowledged that OpenAI “totally screwed up” the GPT-5 rollout, prompting the company to reinstate GPT-4o after users complained that the new model felt colder and less intuitive.
• OpenAI reported that API traffic doubled within 48 hours of the GPT-5 launch and said GPU shortages have constrained its ability to deploy more advanced models.
• Altman outlined plans to spend “trillions of dollars” on data center construction while exploring brain-computer interfaces, AI-driven social media and a potential Google Chrome acquisition.
• OpenAI is preparing a roughly $6 billion secondary sale valuing it near $500 billion after a $40 billion round in March, even as it targets about $20 billion in annual recurring revenue and remains unprofitable.