‘ChatGPT is dying’: Legendary investor says $500B company faces collapse — read his 600-word note

Veteran investor George Noble warns OpenAI is “falling apart” despite its $500 billion valuation. He cites internal “Code Red” alerts, declining ChatGPT traffic, massive quarterly losses of $12 billion, and unsustainable costs for tools like Sora. Key departures and Elon Musk’s lawsuit further highlight significant internal turmoil and financial strain.