> If you are going to look at this and say “actually it didn’t” because of its Enrontastic accounting treatment, I also need to warn you — that identical guy in the bathroom is actually a thing called a “mirror,” a reflective surface that is showing you a reflection of you, not another person who is dressed like you and copies everything you do. I can’t imagine how scared you’ve been, and hope this has helped.
That’s his weird writing style, so I’m not 100% sure, but I don’t think he literally means that OpenAI is committing Enron style fraud. More of a stylistic way to say it’s a mess
>What follows may be an Enron-Lehman Brothers hybrid, one that leaves unbelievable destruction in its wake, an avoidable systemic risk empowered and enabled by a kneecapped media industry and sell-side analysts incapable of seeing further than two quarters in the future.
He also mocks the financial statements from the companies in a way that alludes to them being fraudulent (from the OP):
> February 2025: Anthropic making $34.5B in revenue 2027 is "is laughable on many levels, chief of which is that OpenAI, which made around twice as much revenue as Anthropic did in 2024, barely made a billion dollars from API calls in the same year."
Wrong (whether or not they make that in 2027, their 2026 ARR greatly exceeding that makes the 2027 estimate non-laughable)
Wrong (2025 goal exceeded, 2029 TBD but not an egregious financial crime level of implausible)