Altman says OpenAI underperformed over the past 12 months

Altman says OpenAI underperformed over the past 12 months

N
News Editor
2026-07-17 12:48:52
OpenAI CEO Sam Altman said the company has not performed well over the past 12 months, adding that the shortfall was "mainly my fault," as debate around the firm's outlook intensifies. His comment came against the backdrop of collapse narratives surrounding OpenAI. Bearish commentator Ed Zitron had earlier argued that the real bubble is the "OpenAI bubble." He warned that if OpenAI were to fail, the fallout could hit AI investment logic in a way comparable to Lehman Brothers, triggering a broad repricing of data center companies and technology stocks. The remarks and criticism point to growing scrutiny of OpenAI's execution and its wider role in the current AI investment cycle.
OpenAISam AltmanEd ZitronAI bubbleTech stocksData centersMarket analysis

As claims about a possible OpenAI collapse circulated, Sam Altman acknowledged that the company has performed poorly over the past 12 months, saying the result was “mainly my fault.”

Earlier, bearish commentator Ed Zitron warned that the real bubble is the “OpenAI bubble.” He said that if OpenAI fails, the shock could hit AI investment logic in a way similar to “Lehman Brothers,” leading to a broad repricing of data center names and technology stocks.

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