Kimi K2 Thinking has continued the remarkable trend of Chinese Open-Source AI besting or equalling the Western closed source models investors are pouring hundreds of billions of dollars into.
OpenAI floated the idea of a government guarantee for its debt, but then backtracked when the idea was badly received. It's inked deals to build $1.4 trillion in infrastructure. Where's the money going to come from? It's revenue is expected to be $20 billion in 2025; that's just 1.43% of that debt.
OpenAI says they have the potential to earn hundreds of billions a year, but where are the consumers who want to give them that amount of money? At every turn Chinese Open-Source models can do what they do, for a tiny fraction of the cost.
We are paying for our own prison.
And then people will complain "how did it get like this?"