Former Fidelity star warns OpenAI danger; investors urged to shelter in safer assets

Veteran money manager George Noble warns OpenAI shows warning signs—rising costs, fierce competition, talent exodus, and potential legal fights—making AI-adjacent bets high risk. He advises trimming exposure to Magnificent 7 AI plays and rotating into fundamentals-based assets like gold and select small-/mid-cap stocks, arguing that valuations don’t reflect risk and that smarter money is seeking steadier bets amid an AI hype cycle cooling.