I doubt it.

People have a hard time differentiating between bets vs. fraud.

OpenAI is a bet. Maybe a bad bet. Sure. But everyone knows it is a bet. Their investors are experienced and multi-millionaires with teams of analysts. They cannot just act like they are dumb. Not say it's impossible but highly unlikely they can just claim they don't know any better.

SBF was a fraud for using the customers' funds. The customers were promised that their money wouldn't be used for anything. And their customers are average people. Albeit, SBF's investments are pretty godlike based on the current valuations.

Fraud is problematic because it results in harm. Betting in the way Anthropic/OpenAI/Nvidia are is legal, and still incredibly likely to cause harm. So sure, you're technically correct, but the resulting harm that we will all suffer when it all comes crashing down won't be any easier because it was legal...

I’d consider massaging the figures so your “annualised” revenue looks to be 20 billion dollars higher than it is to be on the side of fraudulent rather than betting. And it’s fraudulent because you need to keep pulling in investor cash to keep the thing pumping and afloat, not just dealing with building a decent product and building it out gradually based on what it costs to run and what people will pay for it.

When the dust settles, I reckon OAI will make FTX's losses look like chump change

When the dust settles, the housing bubble of '08 will look like chump change.

When the dust settles, I'm re-investing all of this liquidity that I'm keeping out of the market back into the market :)

When the dust settles, you might want to spend it on land where you can farm sheep.