This article tries to argue that the AI bubble has burst by pointing to the failed release of GPT-5. Admittedly, the release of GPT-5 was somewhat of a flop, but I think it's more of a failure in its launch rather than the model itself. In fact, if you use the GPT-5 Thinking model, it's actually quite good. They attempted to make the model automatically route to different levels of thinking intensity, but the routing didn't work very well, which led to the various bad cases people experienced.
>ChatGPT is already the fifth biggest website in the world, according to Altman, and he plans for it to leapfrog Instagram and Facebook to become the third, though he acknowledged: “For ChatGPT to be bigger than Google, that’s really hard.”
>“We have better models, and we just can’t offer them, because we don’t have the capacity,” he said. GPUs remain in short supply, limiting the company’s ability to scale.
So Altman wants to keep building. Whether investors will pay up for that remains to be seen I guess.
