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Krispy Kreme Beat Nvidia? Gary Marcus Says OpenAI Could Become The WeWork Of AI
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
AI critic Gary Marcus has a striking comparison for Nvidia investors: doughnut chain Krispy Kreme has performed better than the chip giant over the past year. Speaking to CNBC, the New York University professor emeritus said the recent AI selloff is driven mostly by psychology, as investors lose confidence that generative AI will keep growing at rocket speed. He added that markets are now questioning whether the companies buying Nvidia’s chips can ever turn a profit. Marcus repeated his long-held warning that OpenAI could end up as the WeWork of artificial intelligence, referring to the office-sharing startup whose valuation collapsed. He also raised the possibility that OpenAI may one day be forced to sell itself at a discount to a partner such as Microsoft.
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