Anthropic and OpenAI Have Begun the Subprime AI Crisis

Summary

The article argues that Anthropic and OpenAI are fueling an "AI subprime crisis" by aggressively scaling their models and infrastructure without clear paths to profitability, reminiscent of risky financial practices before the 2008 crisis. This approach could destabilize the AI industry, leading to unsustainable growth and potential collapse if expectations are not met. The author warns that such practices may have far-reaching negative consequences for the broader tech ecosystem.