Dr. Christian DeFeo
@doctorcdf.bsky.social
Technologist, historian, PhDs in Creative Writing and Engineering, classical music and cricket fan. Former political comms person. Hufflepuff Forever.
on.ft.com/4p8LViA Oracle’s astonishing $300bn OpenAI deal is now valued at minus $74bn #AI
Oracle’s astonishing $300bn OpenAI deal is now valued at minus $74bn
And suddenly, there may be a reverse Midas at the centre of AI’s circular economy
on.ft.com
November 18, 2025 at 10:23 AM
on.ft.com/4p8LViA Oracle’s astonishing $300bn OpenAI deal is now valued at minus $74bn #AI
Reposted by Dr. Christian DeFeo
WOW.
A HUGE win for James Comey in his criminal case.
A federal judge orders the DOJ to turnover ALL OF THE GRAND JURY MATERIALS to Comey's defense team.
About to drop a new episode walking through the details of this scathing order on my YouTube channel!
storage.courtlistener.com/recap/gov.us...
A federal judge orders the DOJ to turnover ALL OF THE GRAND JURY MATERIALS to Comey's defense team.
About to drop a new episode walking through the details of this scathing order on my YouTube channel!
storage.courtlistener.com/recap/gov.us...
storage.courtlistener.com
November 17, 2025 at 8:32 PM
WOW.
Reposted by Dr. Christian DeFeo
NEW: Welcome to the Great AI Bubble. Yes, it’s here. And yes, it’s going to burst.
It’s also got way more in common with the Epstein scandal than you really want to know.
open.substack.com/pub/broligar...
It’s also got way more in common with the Epstein scandal than you really want to know.
open.substack.com/pub/broligar...
The Great AI Bubble
Yes, it's a bubble. And yes, it's going to burst.
open.substack.com
November 16, 2025 at 11:35 AM
NEW: Welcome to the Great AI Bubble. Yes, it’s here. And yes, it’s going to burst.
It’s also got way more in common with the Epstein scandal than you really want to know.
open.substack.com/pub/broligar...
It’s also got way more in common with the Epstein scandal than you really want to know.
open.substack.com/pub/broligar...
Reposted by Dr. Christian DeFeo
So let me get this straight: The President’s plan to lower prices is to roll back some of his own tariffs?
November 14, 2025 at 10:33 PM
So let me get this straight: The President’s plan to lower prices is to roll back some of his own tariffs?
Reposted by Dr. Christian DeFeo
When Jeffrey Epstein says you are a bad person…
🚨 Jeffrey Epstein: "I have met some very bad people. None as bad as Trump. Not one decent cell in his body."
November 13, 2025 at 2:38 PM
When Jeffrey Epstein says you are a bad person…
Reposted by Dr. Christian DeFeo
Reposted by Dr. Christian DeFeo
Is this bad? I mean, offhand, I'd say it kind of seems bad.
{gift link}
www.nytimes.com/2025/11/12/u...
{gift link}
www.nytimes.com/2025/11/12/u...
November 12, 2025 at 3:18 PM
Is this bad? I mean, offhand, I'd say it kind of seems bad.
{gift link}
www.nytimes.com/2025/11/12/u...
{gift link}
www.nytimes.com/2025/11/12/u...
And here it comes. #ai on.ft.com/43moM41 Tech stocks suffer worst week since April after $800bn AI sell-off
Tech stocks suffer worst week since April after $800bn AI sell-off
Nasdaq falls 3% over the five-day period as investors worry about sky-high valuations
on.ft.com
November 8, 2025 at 12:49 PM
And here it comes. #ai on.ft.com/43moM41 Tech stocks suffer worst week since April after $800bn AI sell-off
Reposted by Dr. Christian DeFeo
The premium this week is the precursor to something I'm working on coming out in the next week or two (which will be free). But one thing I can't stop thinking about - how has nobody else simply added up all the funding and revenues and costs? Hell, I should've done it months ago.
In an analysis of OpenAI's costs, revenues and funding from 2023 to 1H 2025, it raised $28.6bn in cash ($10bn rev included), and had $13.7bn in cash losses.
Reports say OpenAI ended 1H 2025 with $9.6bn. It should have $14.9bn in cash. There's a $4.1bn+ hole.
www.wheresyoured.at/where-is-ope...
Reports say OpenAI ended 1H 2025 with $9.6bn. It should have $14.9bn in cash. There's a $4.1bn+ hole.
www.wheresyoured.at/where-is-ope...
![A Brief History of OpenAI’s Revenues and Costs
If there are other articles reporting OpenAI's revenues or costs, please do get in touch. But I don't think anybody has ever done a full run-down. Behold!
On February 9, 2024, The Financial Times said that “OpenAI’s revenues have surpassed $2bn on an annualised basis,” with the company apparently hitting it “In December 2023,” according to “two people with knowledge of its finances.”
There was no mention of any comment related to OpenAI in this article.
On June 12, 2024, The Information reported that “OpenAI has more than doubled its annualized revenue to $3.4 billion in the past six months or so, OpenAI CEO Sam Altman has told staff.” This amounts to around $283m in revenue a month at the end of calendar year Q2 2024.
This appears to be sourced from something that Sam Altman told staff.
Curiously, this is the only time I’ve seen OpenAI comment on one of these stories, with “...an OpenAI spokeswoman [saying] the financial details were “inaccurate,” without elaborating.” I have read every single one of these and I cannot find another instance of this happening. This makes me believe, along with other information from sources, that these numbers are particularly accurate.
This article also confirms that OpenAI gets a “roughly” 20% revenue share cut from Microsoft selling its models.
On July 24, 2024, The Information published that OpenAI “could lose as much as $5 billion” in 2024, “according to an analysis by The Information, based on previously undisclosed internal financial data and people involved in the business.”
Spokespeople for Microsoft and OpenAI did not have a comment.
On September 27. 2024, the New York Times reported that “OpenAI’s monthly revenue hit $300 million in August…and the company expects about $3.7 billion in annual sales [in 2024],” according to a financial professional’s review of documents.
That’s $300m in revenue in the month of August 2024. Details are important. OpenAI declined to comment.](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:qc6xzgctorfsm35w6i3vdebx/bafkreidkp2ogtpvnrhevelg4cudtu3u33wbmlsmfgnvqq76yzoxt3s6qbq@jpeg)
![On October 9, 2024, The Information reported that “OpenAI burned $340 million in the first half of 2024” and that its “cash burn was lower than previously thought,” based on “OpenAI financial documents viewed by The Information.”
These documents also “project [OpenAI’s] total losses between 2023 and 2028 to be $44 billion” not including stock compensation, and, laughably, that OpenAI would “make $14 billion in profit [based on the analysis] in 2029.”
OpenAI also, in this document, said that “model training costs could rise sharply in the next couple of years, to as high as $9.5 billion a year in 2026.”
This same piece included projections that OpenAI would make $12bn in 2025, $26bn in 2026, $44bn in 2027, $69bn in 2028, and $100bn in 2029.
There was no mention of any comment related to OpenAI in this article.
On February 21, 2025, The Information reported that OpenAI forecasted that “one-third of [its] revenue growth would come from spending by SoftBank to use OpenAI’s products across its companies,” with SoftBank spending $3bn per year. It took until November 5, 2025 for the joint venture involving this spend to actually form.
This is sourced to disclosures by OpenAI to its investors.
This piece also asserts that $3bn from SoftBank would get OpenAI to $12.7bn in revenue for 2025.
There was no mention of any comment related to OpenAI in this article.
In this piece, The Information reports that “...[OpenAI’s] spending on Microsoft-owned data centers should ramp up significantly in the next few years, more than doubling from $13 billion this year to $28 billion in 2028.”
On March 26, 2025, Bloomberg reported that OpenAI “expects to more than triple its revenue to $12.7 billion in 2025,” and that it generated “$3.7 billion in annual revenue last year,” according to a person familiar with the matter who “spoke on condition of anonymity to discuss internal communications.
In the piece, Bloomberg states that “OpenAI does not expect to be cash-flow positive until 2029, t…](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:qc6xzgctorfsm35w6i3vdebx/bafkreib5hbzqr6m6semfdbw4c53q3y2sfkajjiag5ymourhb3rf5uul3vi@jpeg)
November 7, 2025 at 9:56 PM
The premium this week is the precursor to something I'm working on coming out in the next week or two (which will be free). But one thing I can't stop thinking about - how has nobody else simply added up all the funding and revenues and costs? Hell, I should've done it months ago.
Not a bad week, really.
BREAKING: JUSTICE DEPARTMENT EATS A LOSS IN 'SANDWICH GUY' CASE AS JURORS FIND DEFENDANT NOT GUILTY www.nbcnews.com/politics/jus...
Jury acquits D.C. 'sandwich guy' charged with chucking a sub at a federal agent
Sean Dunn faced single misdemeanor offense after federal grand jurors refused to indict him on the felony charge sought by prosecutors.
www.nbcnews.com
November 6, 2025 at 7:50 PM
Not a bad week, really.
Reposted by Dr. Christian DeFeo
Rep. Yassamin Ansari has set up a table and this sign outside Speaker Johnson’s office.
November 6, 2025 at 6:22 PM
Rep. Yassamin Ansari has set up a table and this sign outside Speaker Johnson’s office.
Don’t just focus on New York City. The Democrats even picked up seats in Mississippi. There is a seismic shift in progress.
November 5, 2025 at 10:22 AM
Don’t just focus on New York City. The Democrats even picked up seats in Mississippi. There is a seismic shift in progress.
Reposted by Dr. Christian DeFeo
Remembering how my archaeology lab prof in university was so sick of people picking up skulls and quoting MacBeth that he threatened to ban anyone who did it from the lab which meant you would have had to switch majors in order to graduate 💀
November 5, 2025 at 7:51 AM
Remembering how my archaeology lab prof in university was so sick of people picking up skulls and quoting MacBeth that he threatened to ban anyone who did it from the lab which meant you would have had to switch majors in order to graduate 💀
Zohran Mamdani wins New York as Democratic US electoral sweep deals blow to Donald Trump - on.ft.com/43SuXwG via @FT
Zohran Mamdani wins New York as Democratic US electoral sweep deals blow to Donald Trump
Republicans defeated in New Jersey and Virginia as voters rebuke president’s party
on.ft.com
November 5, 2025 at 8:10 AM
Zohran Mamdani wins New York as Democratic US electoral sweep deals blow to Donald Trump - on.ft.com/43SuXwG via @FT
I made a mistake. I believed the polls and thought that the US elections were going to be tighter and more dire than they turned out to be. The results are powerful and uniform: Trump and the GOP have received a solid rebuke from the voters across the country. Bravo.
November 5, 2025 at 8:07 AM
I made a mistake. I believed the polls and thought that the US elections were going to be tighter and more dire than they turned out to be. The results are powerful and uniform: Trump and the GOP have received a solid rebuke from the voters across the country. Bravo.
Reposted by Dr. Christian DeFeo
[Narrator: they lost 13 seats]
November 5, 2025 at 4:28 AM
[Narrator: they lost 13 seats]
Reposted by Dr. Christian DeFeo
Here’s this week’s Better Offline monologue.
I take a moment to discuss the current state of the bubble, and the way we’re all feeling at this time in history.
podcasts.apple.com/us/podcast/b...
Linktr.ee/betteroffline
I take a moment to discuss the current state of the bubble, and the way we’re all feeling at this time in history.
podcasts.apple.com/us/podcast/b...
Linktr.ee/betteroffline
Monologue: Dealing With The Weight Of History
Podcast Episode · Better Offline · 10/31/2025 · Bonus · 11m
podcasts.apple.com
October 31, 2025 at 4:24 AM
Here’s this week’s Better Offline monologue.
I take a moment to discuss the current state of the bubble, and the way we’re all feeling at this time in history.
podcasts.apple.com/us/podcast/b...
Linktr.ee/betteroffline
I take a moment to discuss the current state of the bubble, and the way we’re all feeling at this time in history.
podcasts.apple.com/us/podcast/b...
Linktr.ee/betteroffline
I’m glad Andrew has been stripped of his titles and is leaving his current residence. However this doesn’t seem like full justice for the victims. www.theguardian.com/uk-news/2025...
Prince Andrew to be stripped of titles and move out of Royal Lodge
King’s brother will surrender lease and become known as Andrew Mountbatten Windsor, Buckingham Palace says
www.theguardian.com
October 30, 2025 at 7:56 PM
I’m glad Andrew has been stripped of his titles and is leaving his current residence. However this doesn’t seem like full justice for the victims. www.theguardian.com/uk-news/2025...