{ "generatedAt": "2026-10-22T15:41:06Z", "disclaimer": "Analysis and opinion, not investment advice.", "kind": "company", "slug": "openai", "name": "OpenAI", "ticker": null, "url": "https://deepstack.ltd/companies/openai/", "api": "https://deepstack.ltd/api/v1/entities/companies/openai.json", "summary": "OpenAI is named in 13 Parts of The Buildout, most recently Part 17: The Guarantee Has No Date.", "parts": [ { "part": 2, "headline": "SpaceX Is Funding an AI Bet Before the Proof", "url": "https://deepstack.ltd/stories/spacex-after-the-ipo-exit-liquidity/" }, { "part": 3, "headline": "The Machines Will Work. The Debt Might Not.", "url": "https://deepstack.ltd/stories/the-debt-behind-the-machines/" }, { "part": 4, "headline": "AI Spending Has Met Its First Real Bill", "url": "https://deepstack.ltd/stories/the-market-stops-paying-for-faith/" }, { "part": 5, "headline": "OpenAI and Anthropic Are Not the Same Business", "url": "https://deepstack.ltd/stories/anthropic-grew-142-percent-openai/" }, { "part": 7, "headline": "The Fed Hiked. The Long End Still Climbed.", "url": "https://deepstack.ltd/stories/the-fed-hiked-the-long-end-kept-climbing/" }, { "part": 8, "headline": "AI Lenders Are Financing the End of Scarcity", "url": "https://deepstack.ltd/stories/the-scarcity-is-the-collateral/" }, { "part": 9, "headline": "Habit Was the Moat. Agents Are Draining It.", "url": "https://deepstack.ltd/stories/habit-was-the-moat/" }, { "part": 10, "headline": "The Bubble Is in the Denominator", "url": "https://deepstack.ltd/stories/the-bubble-is-in-the-denominator/" }, { "part": 11, "headline": "The Backlog Is Not the Quarter", "url": "https://deepstack.ltd/stories/the-backlog-is-not-the-quarter/" }, { "part": 12, "headline": "The Model Is Not the Price", "url": "https://deepstack.ltd/stories/the-model-is-not-the-price/" }, { "part": 14, "headline": "The Cash Arrives Unevenly", "url": "https://deepstack.ltd/stories/the-cash-arrives-unevenly/" }, { "part": 16, "headline": "The Seller Holds the Paper", "url": "https://deepstack.ltd/stories/the-seller-holds-the-paper/" }, { "part": 17, "headline": "The Guarantee Has No Date", "url": "https://deepstack.ltd/stories/the-guarantee-has-no-date/" } ], "numbers": [ { "value": "18%", "label": "OpenAI quarterly growth", "context": "Quarter on quarter, Q2 2026", "part": 5, "url": "https://deepstack.ltd/stories/anthropic-grew-142-percent-openai/" }, { "value": "$20.9B", "label": "OpenAI 2025 loss", "context": "Steve Eisman; 2025", "part": 5, "url": "https://deepstack.ltd/stories/anthropic-grew-142-percent-openai/" }, { "value": "$4 vs $10", "label": "Anthropic's Opus 5.5 list price per million input tokens, against OpenAI's GPT-6 Astra", "context": "Charlie Hills, Sep 27, 2026; the frontier undercut by 60%", "part": 12, "url": "https://deepstack.ltd/stories/the-model-is-not-the-price/" } ], "mentions": [ { "part": 2, "section": "The customer test", "excerpt": "Kevin Gee’s wider question is the one the stock cannot answer with a slide: can the market absorb three trillion-dollar cash-burning IPOs in a single window, with OpenAI still to come?", "url": "https://deepstack.ltd/stories/spacex-after-the-ipo-exit-liquidity/" }, { "part": 3, "section": "Debt is the product", "excerpt": "His sharpest exhibit is that Nvidia was in talks to guarantee roughly $250 billion of lease and debt financing for an OpenAI data-center campus in Ohio, plus up to $350 billion for OpenAI’s chip purchases.", "url": "https://deepstack.ltd/stories/the-debt-behind-the-machines/" }, { "part": 3, "section": "Demand has teeth", "excerpt": "His checklist is substantial: token demand is up roughly 17,000-fold in four years; DeepSeek raised token prices despite a strategy built on undercutting; combined OpenAI and Anthropic revenue run rates crossed $110 billion in July; and Morgan Stanley put hyperscaler returns on AI capital expenditure at 25 to 46 percent.", "url": "https://deepstack.ltd/stories/the-debt-behind-the-machines/" }, { "part": 4, "section": "The tape picks winners", "excerpt": "We would be wrong if Alphabet’s higher 2027 budget lifted the stock, operating cash flow caught up with capital spending, and the next financing for OpenAI and Anthropic showed durable revenue without widening credit terms.", "url": "https://deepstack.ltd/stories/the-market-stops-paying-for-faith/" }, { "part": 5, "section": "Lede", "excerpt": "In the second quarter, OpenAI grew revenue about 18 percent from the prior quarter.", "url": "https://deepstack.ltd/stories/anthropic-grew-142-percent-openai/" }, { "part": 5, "section": "Lede", "excerpt": "Steve Eisman reported the same gap a fortnight later, with a brutal addendum: OpenAI’s costs rose about $3bn against roughly $1bn of new revenue.", "url": "https://deepstack.ltd/stories/anthropic-grew-142-percent-openai/" }, { "part": 5, "section": "Lede", "excerpt": "OpenAI is showing the marks of a business being forced to sell intelligence more cheaply.", "url": "https://deepstack.ltd/stories/anthropic-grew-142-percent-openai/" }, { "part": 7, "section": "AI meets the rate", "excerpt": "Apollo, relayed by DeepValue Capital, assumes hyperscaler operating cash flow triples from $600 billion to $2 trillion, with OpenAI and Anthropic accounting for more than half of a $2.3 trillion backlog.", "url": "https://deepstack.ltd/stories/the-fed-hiked-the-long-end-kept-climbing/" }, { "part": 8, "section": "Lede", "excerpt": "On September 24, Oracle sent a letter to a unit of Blue Owl Capital about Project Jupiter, a 2.45-gigawatt New Mexico campus being built for the Stargate venture with OpenAI.", "url": "https://deepstack.ltd/stories/the-scarcity-is-the-collateral/" }, { "part": 8, "section": "Who writes the checks", "excerpt": "OpenAI and Anthropic were running at a combined $105 billion of annual revenue in July, $40 billion and $65 billion respectively.", "url": "https://deepstack.ltd/stories/the-scarcity-is-the-collateral/" }, { "part": 8, "section": "Cash, or a loop", "excerpt": "Ed Zitron said Alphabet, Amazon, Meta and Microsoft have together spent over $1 trillion on Nvidia GPUs, mostly to win the business of OpenAI and Anthropic, two companies they also help fund and that both lose heavily.", "url": "https://deepstack.ltd/stories/the-scarcity-is-the-collateral/" }, { "part": 9, "section": "Lede", "excerpt": "OpenAI answered the next day with an always-on assistant.", "url": "https://deepstack.ltd/stories/habit-was-the-moat/" } ], "sides": [ { "part": 2, "question": null, "side": "the-number-is-real", "sideLabel": "The number is real", "claim": "Selling frontier-model inference is extraordinarily profitable: on a GB300 cluster, OpenAI and Anthropic can generate over 100 billion dollars per gigawatt-year of revenue against roughly 12 billion of rental cost.", "date": "2026-08-07", "url": "https://newsletter.semianalysis.com/p/spacex-10gw-in-2027-why-its-real", "linkVerified": true, "storyUrl": "https://deepstack.ltd/stories/spacex-after-the-ipo-exit-liquidity/", "sidesUrl": "https://deepstack.ltd/sides/spacex-after-the-ipo-exit-liquidity/" }, { "part": 5, "question": null, "side": "openai-commoditized", "sideLabel": "OpenAI: commoditized", "claim": "Michael Spencer predicts Anthropic will achieve AI supremacy status in 2027 and by 2030 will have no comparable peer competitor, not Google, OpenAI, DeepSeek, or Alibaba.", "date": "2026-08-20", "url": "https://www.ai-supremacy.com/p/we-have-never-seen-an-anthropic-before-2026-revenue-ipo", "linkVerified": true, "storyUrl": "https://deepstack.ltd/stories/anthropic-grew-142-percent-openai/", "sidesUrl": "https://deepstack.ltd/sides/anthropic-grew-142-percent-openai/" }, { "part": 5, "question": null, "side": "openai-commoditized", "sideLabel": "OpenAI: commoditized", "claim": "Open-source Chinese models are disrupting OpenAI's revenue because routing and code wrappers increasingly favor them over OpenAI's models due to cheaper token costs, forcing OpenAI to cut API prices, including an 80% cut to GPT-5.6 Lune, which…", "date": "2026-08-20", "url": "https://www.ai-supremacy.com/p/we-have-never-seen-an-anthropic-before-2026-revenue-ipo", "linkVerified": true, "storyUrl": "https://deepstack.ltd/stories/anthropic-grew-142-percent-openai/", "sidesUrl": "https://deepstack.ltd/sides/anthropic-grew-142-percent-openai/" }, { "part": 5, "question": null, "side": "crossing", "sideLabel": "Voices that cross sides", "claim": "Because OpenAI and Anthropic pay their bills with venture funding of which Big Tech supplies roughly 40%, revenue Big Tech books from them is partly recycled from itself and not real growth.", "date": "2026-08-11", "url": "https://www.profgmedia.com/p/plastic-surgery", "linkVerified": true, "storyUrl": "https://deepstack.ltd/stories/anthropic-grew-142-percent-openai/", "sidesUrl": "https://deepstack.ltd/sides/anthropic-grew-142-percent-openai/" }, { "part": 5, "question": null, "side": "crossing", "sideLabel": "Voices that cross sides", "claim": "If Big Tech depends heavily on OpenAI and Anthropic for revenue growth, that growth is unsustainable because both customers are massively unprofitable and may not survive.", "date": "2026-08-11", "url": "https://www.profgmedia.com/p/plastic-surgery", "linkVerified": true, "storyUrl": "https://deepstack.ltd/stories/anthropic-grew-142-percent-openai/", "sidesUrl": "https://deepstack.ltd/sides/anthropic-grew-142-percent-openai/" }, { "part": 8, "question": "what-lenders-hold", "side": "guarantees-not-faith", "sideLabel": "Guarantees, not faith", "claim": "George Noble's bear case for AI rests on the question of actual return on investment; he argues that Nvidia announcing massive funding packages just to keep customers like OpenAI able to keep buying chips shows the money underneath the boom is not…", "date": "2026-09-21", "url": "https://realeismanplaybook.substack.com/p/stock-picking-in-difficult-times", "linkVerified": true, "storyUrl": "https://deepstack.ltd/stories/the-scarcity-is-the-collateral/", "sidesUrl": "https://deepstack.ltd/sides/the-scarcity-is-the-collateral/" }, { "part": 9, "question": null, "side": "eighteen-months", "sideLabel": "Eighteen months, or less", "claim": "Having used Muse over the past week, Tae Kim found problems in the quality and accuracy of its responses and found it hard to choose it over ChatGPT, and suspects others will feel the same way.", "date": "2026-09-22", "url": "https://taekim.substack.com/p/metas-muse-is-no-sure-thing", "linkVerified": true, "storyUrl": "https://deepstack.ltd/stories/habit-was-the-moat/", "sidesUrl": "https://deepstack.ltd/sides/habit-was-the-moat/" }, { "part": 9, "question": null, "side": "still-a-demo", "sideLabel": "Still a demo", "claim": "The creators argue OpenAI will prevail not because of best models, chips, cost-performance curve or even best product — though they think OpenAI has those — but because it is so good at creating new kinds of customers and has the most durable…", "date": "2026-09-28", "url": "https://www.a16z.news/p/openai-understands-something-important", "linkVerified": true, "storyUrl": "https://deepstack.ltd/stories/habit-was-the-moat/", "sidesUrl": "https://deepstack.ltd/sides/habit-was-the-moat/" }, { "part": 9, "question": "whose-margin-pays", "side": "inertia-businesses", "sideLabel": "The inertia businesses", "claim": "Despite Muse's initial traction, its long-term success is far from assured; Meta can cross-promote it across Facebook, Instagram, and WhatsApp, but competitors with similar distribution advantages are coming, with OpenAI likely being the biggest…", "date": "2026-09-22", "url": "https://taekim.substack.com/p/metas-muse-is-no-sure-thing", "linkVerified": true, "storyUrl": "https://deepstack.ltd/stories/habit-was-the-moat/", "sidesUrl": "https://deepstack.ltd/sides/habit-was-the-moat/" }, { "part": 9, "question": "who-collects", "side": "owner-of-the-agent", "sideLabel": "The owner of the agent", "claim": "Muse is gaining traction: as of that Friday it ranked No. 1 in Apple's App Store ahead of ChatGPT at No. 2, Gemini at No. 8, and Claude at No. 13, and since its September 8 unveiling Meta has added nearly $170 billion in market cap and is up 9%…", "date": "2026-09-21", "url": "https://www.profgmedia.com/p/a-new-ai-app-beat-chatgpt-to-no-1", "linkVerified": true, "storyUrl": "https://deepstack.ltd/stories/habit-was-the-moat/", "sidesUrl": "https://deepstack.ltd/sides/habit-was-the-moat/" }, { "part": 9, "question": "who-collects", "side": "owner-of-the-agent", "sideLabel": "The owner of the agent", "claim": "After personally using OpenAI's Dots, Meta's Muse and Instinct, Tae Kim says he now has much higher confidence that personal AI agents will be the future of computing and a lift off for a new AI wave, praising how they proactively ping him about…", "date": "2026-10-02", "url": "https://taekim.substack.com/p/openais-undeniable-resurgence-and", "linkVerified": true, "storyUrl": "https://deepstack.ltd/stories/habit-was-the-moat/", "sidesUrl": "https://deepstack.ltd/sides/habit-was-the-moat/" }, { "part": 10, "question": null, "side": "renting-at-january-prices", "sideLabel": "Still renting at January prices", "claim": "Tae Kim believes that if OpenAI were public, its stock would have gapped up 30% or more on hitting $70 billion in ARR, a blowout versus expectations on the level of Nvidia in May 2023, and that the figure proves his August report that OpenAI's ARR…", "date": "2026-10-02", "url": "https://taekim.substack.com/p/openais-undeniable-resurgence-and", "linkVerified": true, "storyUrl": "https://deepstack.ltd/stories/the-bubble-is-in-the-denominator/", "sidesUrl": "https://deepstack.ltd/sides/the-bubble-is-in-the-denominator/" }, { "part": 10, "question": "who-writes-the-checks", "side": "not-the-customers-yet", "sideLabel": "Not the customers, yet", "claim": "Nvidia's top five customers accounted for seventy percent of accounts receivable for the quarter, and some of those customers including OpenAI are not in especially healthy financial condition.", "date": "2026-09-14", "url": null, "linkVerified": false, "storyUrl": "https://deepstack.ltd/stories/the-bubble-is-in-the-denominator/", "sidesUrl": "https://deepstack.ltd/sides/the-bubble-is-in-the-denominator/" }, { "part": 10, "question": "who-writes-the-checks", "side": "everyone-soon", "sideLabel": "Everyone, soon", "claim": "OpenAI near $70B a year.", "date": null, "url": "https://taekim.substack.com/p/openais-undeniable-resurgence-and", "linkVerified": true, "storyUrl": "https://deepstack.ltd/stories/the-bubble-is-in-the-denominator/", "sidesUrl": "https://deepstack.ltd/sides/the-bubble-is-in-the-denominator/" }, { "part": 10, "question": "who-writes-the-checks", "side": "everyone-soon", "sideLabel": "Everyone, soon", "claim": "OpenAI's combined annualized revenue with Anthropic reached $105 billion (OpenAI $40 billion, Anthropic $65 billion) in July 2026, which is nowhere near the figure needed to support the modeled 2027 buildout, and this understates the true gap since…", "date": "2026-09-21", "url": "https://hypertechinvest.com/p/the-math-behind-the-next-ai-rally", "linkVerified": true, "storyUrl": "https://deepstack.ltd/stories/the-bubble-is-in-the-denominator/", "sidesUrl": "https://deepstack.ltd/sides/the-bubble-is-in-the-denominator/" }, { "part": 11, "question": null, "side": "a-backlog-is-a-promise", "sideLabel": "A backlog is a promise", "claim": "There is a chain where NVIDIA sells chips to hyperscalers, hyperscalers' capital spending depends on the future health of OpenAI and Anthropic, and both are currently losing substantial sums, with OpenAI's revenue growth having slowed relative to…", "date": "2026-09-09", "url": "https://realeismanplaybook.substack.com/p/inside-ais-fragile-ecosystem-with", "linkVerified": true, "storyUrl": "https://deepstack.ltd/stories/the-backlog-is-not-the-quarter/", "sidesUrl": "https://deepstack.ltd/sides/the-backlog-is-not-the-quarter/" }, { "part": 11, "question": null, "side": "a-backlog-is-a-promise", "sideLabel": "A backlog is a promise", "claim": "George Noble's bear case for AI rests on the question of actual return on investment; he argues that Nvidia announcing massive funding packages just to keep customers like OpenAI able to keep buying chips shows the money underneath the boom is not…", "date": "2026-09-21", "url": "https://realeismanplaybook.substack.com/p/stock-picking-in-difficult-times", "linkVerified": true, "storyUrl": "https://deepstack.ltd/stories/the-backlog-is-not-the-quarter/", "sidesUrl": "https://deepstack.ltd/sides/the-backlog-is-not-the-quarter/" }, { "part": 11, "question": null, "side": "shipping-is-not-earning", "sideLabel": "Shipping is not earning", "claim": "Nvidia's top five customers accounted for seventy percent of accounts receivable for the quarter, and some of those customers including OpenAI are not in especially healthy financial condition.", "date": "2026-09-14", "url": "https://realeismanplaybook.substack.com/p/the-big-short-partners-reunite-rates", "linkVerified": true, "storyUrl": "https://deepstack.ltd/stories/the-backlog-is-not-the-quarter/", "sidesUrl": "https://deepstack.ltd/sides/the-backlog-is-not-the-quarter/" }, { "part": 12, "question": null, "side": "the-frontier-is-still-paid", "sideLabel": "The frontier is still paid", "claim": "Oguz Erkan says the concentration of the LLM market is still unknown: OpenAI and Anthropic take the lion's share of token dollars but their share of token volume has been declining, so the LLM market could be far more fragmented in 3-5 years, which…", "date": "2026-09-13", "url": "https://www.capitalist-letters.com/p/booking-holdings-deep-dive-an-attractive", "linkVerified": true, "storyUrl": "https://deepstack.ltd/stories/the-model-is-not-the-price/", "sidesUrl": "https://deepstack.ltd/sides/the-model-is-not-the-price/" }, { "part": 12, "question": null, "side": "the-frontier-is-still-paid", "sideLabel": "The frontier is still paid", "claim": "Wyndo believes an always-on agent should run on the most capable model available, which is why they consider it fitting that ChatGPT's Dots runs on GPT-6 Astra.", "date": "2026-10-04", "url": null, "linkVerified": false, "storyUrl": "https://deepstack.ltd/stories/the-model-is-not-the-price/", "sidesUrl": "https://deepstack.ltd/sides/the-model-is-not-the-price/" }, { "part": 12, "question": null, "side": "the-frontier-is-still-paid", "sideLabel": "The frontier is still paid", "claim": "Wyndo recommends trying open-weight models if a user keeps hitting usage limits on Claude or ChatGPT, or wants to lower the cost of certain tasks, since some work may run well on an open-weight model while saving the subscription for tasks where…", "date": "2026-09-13", "url": "https://aimaker.substack.com/p/claude-code-free-openrouter", "linkVerified": true, "storyUrl": "https://deepstack.ltd/stories/the-model-is-not-the-price/", "sidesUrl": "https://deepstack.ltd/sides/the-model-is-not-the-price/" }, { "part": 12, "question": null, "side": "the-frontier-is-still-paid", "sideLabel": "The frontier is still paid", "claim": "They say a pretty small group uses AI rampantly for everything and a somewhat larger group uses ChatGPT regularly, meaning most people have not yet been awakened as customers, and they think OpenAI understands how to do it.", "date": "2026-09-28", "url": "https://www.a16z.news/p/openai-understands-something-important", "linkVerified": true, "storyUrl": "https://deepstack.ltd/stories/the-model-is-not-the-price/", "sidesUrl": "https://deepstack.ltd/sides/the-model-is-not-the-price/" }, { "part": 12, "question": null, "side": "the-frontier-is-still-paid", "sideLabel": "The frontier is still paid", "claim": "Criteo launched an Agentic Commerce Recommendation Service letting AI systems use Criteo's commerce intelligence to rank products, and OpenAI selected Criteo as its first advertising technology partner for ChatGPT Ads, with more than 2,000 brands…", "date": "2026-09-23", "url": null, "linkVerified": false, "storyUrl": "https://deepstack.ltd/stories/the-model-is-not-the-price/", "sidesUrl": "https://deepstack.ltd/sides/the-model-is-not-the-price/" }, { "part": 12, "question": null, "side": "open-weights-set-the-price", "sideLabel": "Open weights set the price", "claim": "Chinese AI models captured a majority share of 57% to 67% of total token usage on the OpenRouter developer platform by September 2026, eroding OpenAI's token marketshare even as OpenAI subsidizes its new cheaper GPT-6.1 Sol model.", "date": "2026-10-01", "url": "https://www.ai-supremacy.com/p/ai-frontier-google-gemini-4-argon", "linkVerified": true, "storyUrl": "https://deepstack.ltd/stories/the-model-is-not-the-price/", "sidesUrl": "https://deepstack.ltd/sides/the-model-is-not-the-price/" }, { "part": 12, "question": null, "side": "open-weights-set-the-price", "sideLabel": "Open weights set the price", "claim": "Anthropic is far ahead of OpenAI pre-IPO, both in model quality and ARR, and that lead should only accelerate with IPO proceeds heading into its November IPO.", "date": "2026-10-01", "url": "https://www.ai-supremacy.com/p/ai-frontier-google-gemini-4-argon", "linkVerified": true, "storyUrl": "https://deepstack.ltd/stories/the-model-is-not-the-price/", "sidesUrl": "https://deepstack.ltd/sides/the-model-is-not-the-price/" }, { "part": 12, "question": null, "side": "open-weights-set-the-price", "sideLabel": "Open weights set the price", "claim": "OpenAI's price cut on its GPT model, combined with a reported tenfold jump in usage, looks like the beginning of a price war in AI services.", "date": "2026-09-11", "url": "https://realeismanplaybook.substack.com/p/ai-terminator-fears-grow-and-rates", "linkVerified": true, "storyUrl": "https://deepstack.ltd/stories/the-model-is-not-the-price/", "sidesUrl": "https://deepstack.ltd/sides/the-model-is-not-the-price/" }, { "part": 12, "question": null, "side": "open-weights-set-the-price", "sideLabel": "Open weights set the price", "claim": "Steve says the AI story probably continues as long as token growth keeps rising, and identifies a price war between Anthropic, OpenAI and the Chinese models as the main risk that could change it.", "date": "2026-09-28", "url": "https://realeismanplaybook.substack.com/p/what-the-ai-boom-looks-like-from", "linkVerified": true, "storyUrl": "https://deepstack.ltd/stories/the-model-is-not-the-price/", "sidesUrl": "https://deepstack.ltd/sides/the-model-is-not-the-price/" }, { "part": 12, "question": null, "side": "the-filing-sets-the-price", "sideLabel": "The filing sets the price", "claim": "Circular financing distorts the picture: hyperscalers and NVIDIA have committed roughly $180 billion to OpenAI and Anthropic, which pledge about $1.1 trillion of compute spending back to them against far smaller revenues, and $53 billion of…", "date": "2026-07-15", "url": "https://fiscal.ai/fund-letters/distillate-capital-partners-llc-q2-2026-fscl_document_3BZX2NEX647", "linkVerified": true, "storyUrl": "https://deepstack.ltd/stories/the-model-is-not-the-price/", "sidesUrl": "https://deepstack.ltd/sides/the-model-is-not-the-price/" }, { "part": 12, "question": null, "side": "the-filing-sets-the-price", "sideLabel": "The filing sets the price", "claim": "OpenAI's combined annualized revenue with Anthropic reached $105 billion (OpenAI $40 billion, Anthropic $65 billion) in July 2026, which is nowhere near the figure needed to support the modeled 2027 buildout, and this understates the true gap since…", "date": "2026-09-21", "url": "https://hypertechinvest.com/p/the-math-behind-the-next-ai-rally", "linkVerified": true, "storyUrl": "https://deepstack.ltd/stories/the-model-is-not-the-price/", "sidesUrl": "https://deepstack.ltd/sides/the-model-is-not-the-price/" }, { "part": 12, "question": null, "side": "crossing", "sideLabel": "Voices that cross sides", "claim": "OpenAI is in deep trouble in 2027 due to pressure in consumer AI from Meta and SpaceXAI, pressure from Chinese open-source models on cost and token marketshare, and being late to IPO while being overtaken in ARR and growth by Anthropic in…", "date": "2026-09-29", "url": "https://www.ai-supremacy.com/p/the-era-of-personal-super-intelligent-agents-muse-2026", "linkVerified": true, "storyUrl": "https://deepstack.ltd/stories/the-model-is-not-the-price/", "sidesUrl": "https://deepstack.ltd/sides/the-model-is-not-the-price/" }, { "part": 12, "question": null, "side": "crossing", "sideLabel": "Voices that cross sides", "claim": "Michael Spencer argues that in 2026 Chinese open-weight models are taking serious market share from incumbents like OpenAI and Anthropic, because the Chinese labs are only a few months behind the frontier and shortening release gaps mean even…", "date": "2026-09-11", "url": "https://www.ai-supremacy.com/p/ai-insights-is-ai-adoption-slowing-down-ai-risk-debate", "linkVerified": true, "storyUrl": "https://deepstack.ltd/stories/the-model-is-not-the-price/", "sidesUrl": 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