Gavin Baker lists AI's volatility streak after Bloomberg mistranslates Hock Tan on OpenAI revenue
GavinSBaker · x · 2026-10-13
Investor Gavin Baker flags a Bloomberg mistake: Hock Tan actually said the market misread OpenAI's revenue figures and its underlying business is strong — investors selling on a single short-term data point are 'gambling in a casino.'
He lists a string of AI volatility episodes driven by misunderstood newsflow: DeepSeek, Liberation Day, Kimi, SALP, gross-to-net confusion for both Anthropic and OpenAI, and claims of OpenAI taking share from Anthropic.
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