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Keep in mind that not only is OpenAI being directly propped up by investor hype, the downstream API users who contribute much of their revenue are also being propped up by investor hype. A big chunk of OpenAIs revenue is actually even more VC money in a trenchcoat.

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The biggest marker of a bubble, to me, is that you have money-losing startups selling to other money-losing startups. On paper you see a lot of 'line go up' but it's just a lot of circulation in a closed body of water which will eventually evaporate.

Uber doesn't agree

Uber is an outlier because in a functioning economy that valued workers we wouldn’t have shipped all our jobs overseas and made gig economies the last line between housing and street schizophrenia.

Uber's revenue was never coming from other food delivery startups.

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