Sure, but both can be true. The internet bubble bursting did not kill the internet. All that investment in severs and fibre was still there, and still got used. A lot of investors lost their shirts, but the Internet future still happened.

OpenAI going bust would not cause those data centres to cease to exist, they’d still be there just owned for cheap by someone else that can run them at cost.

A crash would drastically cut investment and research funding, but research would still happen. New companies would rise from the ashes of the old. It might still trigger a recession though.