OpenAI's inflated valuation, as I understand it

Special thanks to Liz, Kent, and Ian at honeycomb for the discussion that inspired this article. There's a strange thing happening in AI right now. You might've heard some claims that we're in an AI bubble, the economy might be doomed, or from the other side that AI is about to revolutionize the world and AGI is right around the corner. In trying to make sense of the situation, I've come to…