OpenAI drives the current AI boom, but critics warn its downfall could ripple through tech giants like Microsoft, Nvidia, Oracle, and Amazon, reshaping the industry's landscape.
It could be as catastrophic as the Lehman Brothers collapse
Jul 19, 2026
11:13 am
What's the storyEd Zitron, an AI critic and researcher, has warned that the ongoing boom in artificial intelligence (AI) is largely driven by OpenAI.
He argues that if this company collapses, it could be as catastrophic as the Lehman Brothers collapse during the 2008 financial crisis.
Eisman said OpenAI and Anthropic account for roughly 70% of AI-related revenue at Microsoft, Amazon, Google, and Oracle
AI researcher Gary Marcus says OpenAI's IPO problems would cascade to Nvidia, Oracle, and CoreWeave, as enterprise AI spending…
Lots of companies will implode in the short term, but a few will emerge as the Googles and Amazons of the AI era.
Amid reports of mass layoffs, large-scale destruction of books, sweeping copyright violations, and severe environmental damage…
Some are worried that the rapid rise in the value of AI tech companies may be a bubble waiting to burst.
Steve Eisman is warning that the artificial intelligence boom has become increasingly dependent on the fortunes of just two…
