I think most people are aligned on AI being in a bubble right now with the disagreement being over which companies (if any) will weather the storm through the burst and come out profitable on the far side.

OpenAI, imo, is absolutely going to crash and burn - it has absolutely underwhelming revenue and model performance compared to others and has made astronomical expenditure commitments. It's very possible that a government bailout partially covers those debts but the chance of the company surviving the burst when it has dug such a deep hole seems slim to none.

I am genuinely surprised that generally fiscally conservative and grounded people like Jensen are still accepting any of that crash risk.