July 9, 2025 · Vol. I No. 1
How OpenAI Is Turning Monopoly Money Into Real Debt
OpenAI is playing Monopoly with Monopoly money, and everyone's pretending the bills are real. The company just dropped $6.5 billion in stock—not cash, stock—to acquire io, Jony Ive's hardware startup that hasn't shown so much as a napkin sketch. They're about to blow another $3 billion on Windsurf, a coding assistant that's essentially Microsoft Copilot's twin brother. And then there's Stargate: a $500 billion fever dream where OpenAI promises to invest $19 billion of the same funny money...