OpenAI needs to capture 1,852% of the total addressable market

The press, for the most part, has done a really poor job conveying just how many unlikely events have to happen in sequence for the current AI boom not to be a bubble. This is especially true when you look at certain companies. If you go through the conditions necessary for OpenAI to meet its present commitments and continue to spend perhaps a trillion dollars over the next three and a half years, the closer you look, the more the bull case feels like a Pick 6 ticket (though, in defense of OpenAI, it still looks more credible than the valuation for SpaceX).Case in point, OpenAI has assured everyone that it will go from losing somewhere in the neighborhood of $20 billion a year to becoming enormously profitable by the end of 2030. One of the assumptions behind that promise is that ad revenue will be enormously profitable for the company. While that is possible, the actual numbers are not encouraging.Joe Wilkins writing for Futurism:Even as the AI bubble becomes a mainstream talking…