Source: Understanding AI
by Timothy B Lee
“Last fall, a lot of people were worried about a possible AI bubble. AI companies were investing heavily in infrastructure because they expected huge demand for AI services in the coming years. For example, an internal OpenAI document last fall projected that revenue would more than double — from $13 billion in 2025 to $30 billion in 2026. Around the same time, Anthropic expected revenue to triple from $4.7 billion in 2025 to more than $15 billion in 2026. Skeptics didn’t believe companies this large could grow so quickly. But the last few months haven’t gone the way they expected.” (03/16/26)
https://www.understandingai.org/p/it-still-doesnt-look-like-theres