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Cake day: August 3rd, 2023

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  • The “Vibe Revenue” Admission

    On November 14, 2025, at the Web Summit conference in Lisbon, multiple AI company CEOs acknowledged this dynamic in public for the first time.

    Brian Chesky, CEO of Airbnb, stated: “There’s a lot of vibe revenue in AI. Companies are talking about billions in pipeline that may never materialize.”

    Vinod Khosla, venture capitalist and prominent AI investor, told the audience: “Ninety-five percent of AI startups will fail. The question is which five percent become Google.”

    Sam Altman, CEO of OpenAI, said: “We’re in uncharted territory. Nobody knows if this scales to AGI or hits a wall at GPT-5.”

    These admissions carry weight because they contradict the growth narratives supporting current valuations. OpenAI, valued at $157 billion in its most recent funding round, reported $3.7 billion in revenue for 2025 according to The Information. The company simultaneously disclosed operating expenses of $13 billion, resulting in a $9.3 billion annual cash burn.