We know what’s coming and we are prepared.
📉 🤖 OpenAI is 'falling apart in real time' — and the worst is yet to come
Veteran investors George Noble and Michael Burry warn on X that all the signs of an OpenAI implosion are already visible — and the trend is only gaining speed.
What do they mean?
😵 Struggling AI chatbot
♦️ Noble says OpenAI declared “Code Red” in December as Google’s Gemini surged ahead
♦️ ChatGPT traffic fell in November — the second month-over-month drop of 2025 — while Gemini jumped to 650 million users
♦️ Reports say OpenAI’s major 2025 training runs failed to outperform earlier models
♦️ GPT-5 flopped. Users demanded GPT-4o back — and OpenAI restored it within 24 hours
♦️ “The company that was supposed to build AGI can’t even keep its chatbot competitive,” the Wall Street veteran says
🤑 It’s all about money
🔴 OpenAI reportedly lost $12 billion in a single quarter
🔴 Deutsche Bank projects $143 billion in cumulative losses before profitability
🔴 The bank’s blunt verdict:
“No startup in history has ever operated with losses on anything approaching this scale”
🔴 Noble adds that “It’s going to cost 5x the energy and money to make their models 2x better”
😱 When it rains, it pours
Musk’s lawsuit against OpenAI boss Sam Altman and Microsoft heads to trial in 2026 — with up to $134 billion in damages over claims OpenAI betrayed its NGO mission for profit
💭 The AI bubble problem
Burry — a long-time critic of the AI bubble — warns it won’t end with OpenAI:
“The government will pull out all the stops to save the AI bubble to save the market to save the economy,” he says. “The problem is too big to save — by that very same definition.”
Speaking at the WEF, Savor CEO Kathleen Alexander boasts about how her company is "saving the planet" from the evils of agriculture by replacing real butters and oils with synthetic versions made from carbon dioxide and methane. 😳
"Savor is part of bringing transformation to the food system by re-imagining how we make an entire macronutrient—fats and oils."
"The result is that we can dramatically lower the planetary footprint of our food system."
"Our food system today uses about 50% of the habitable land on the planet. It's 20-30% of our greenhouse gas emissions."
"And we can reduce all of those by 50-100%."
Source
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🌆 Market News Digest
[July 3, 2026 EST]
🔥 Top Stories
• Middle East risk flares — IDF hits Hezbollah sites in south Lebanon; Houthis threaten Saudi assets; France deploys naval/mine-countermeasure assets near Hormuz.
• U.S. oil market scrutiny — DOJ/FTC say they’re monitoring crude for price-fixing/collusion as Brent settles at $72.12/bbl.
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⛽ Oil & Energy
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📊 Markets & Macro
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🇮🇷🏆🇺🇸 Iran Is a Bigger Defeat Than Vietnam | Foreign Policy
At his second inaugural, U.S. President Donald Trump pronounced his hope “that our recent presidential election will be remembered as the greatest and most consequential election in the history of our country.” By losing his Gulf war, Trump has achieved that goal. His choice to launch a campaign against Iran was encouraged by others, but fully his own. It has led to a reversal that marks a strategic calamity far greater than the U.S. defeat in the Vietnam War.
Defeat in the Iranian war looks, on the surface, nothing like other U.S. military defeats. The speed of the war and its remoteness have lent an air of unreality to the whole endeavor. The White House has not been burned, as it was in 1814; there have not been protests against a nonexistent draft. The absence of substantial U.S. casualties in this conflict also masks the scale of the U.S. defeat. To be sure, the war has been deadly: Thousands of Iranians, ...
According to The Wall Street Journal, Donald Trump reviewed military options for a full-scale war against Iran to “finish the job,” but has decided, for now, not to move forward.
The report says Trump is concerned that renewed military conflict could hurt the chances of a diplomatic resolution and of dismantling Iran’s nuclear program, and that he’s shown willingness to let indirect talks in Qatar run past the August 18 deadline. He is said to be fine with continuing limited strikes on Iranian targets if Tehran violates the current temporary deal - as it already has, repeatedly.
How are those negotiations going?
Not well. It seems JD Vance’s “historic” face-to-face achievement was a one-off. Washington has been quietly downgraded from talking to the Great Satan to negotiating with the Little Satan instead - a senior Qatari official confirmed that U.S. envoys Steve Witkoff and Jared Kushner met Qatari officials in Doha, but there are currently no high-level U.S.-Iran meetings ...
