> most well-capitalized companies

Huh what? Since when is OpenAI's IOU's and paper money worth more than Apple's cold hard cash? They have been backing away from their infrastructure commitments and literally pushing their IPO out.

Their "value" might fly with idiot VC's that are willing to throw money at them based on vibes. They are "big" on paper, nothing close to the financial heft of Apple. If anything this is where Sam Altman’s reality-distortion-field isn't going to fly.

> ... it results in these bizarro takes that OpenAI is finished as a company lol.

Meanwhile there's repeated news of OpenAI barely making ends meet and poised to run out of money mid next year. Unfortunately, OpenAI being 'well-capitalized' just doesn't hold up to what we've been actively seeing.