Comment by derektank
19 days ago
OpenAI alone is on track to generate as much revenue as Asus or US Steel this year ($10-$15 billion). I don't know how you can say AI has had no positive economic impact.
19 days ago
OpenAI alone is on track to generate as much revenue as Asus or US Steel this year ($10-$15 billion). I don't know how you can say AI has had no positive economic impact.
That is not even 1 month of a big tech revenue, it is a global negligible impact. 3 years talking about AI changing the world, 10bi revenue and no ecosystem around making money besides friends and VCs pumping and dumping LLM wrappers.
There's a pretty wide gulf between being one of the most important companies in the global marketplace as Microsoft, Apple, and Amazon are and "having no economic impact".
I agree that most of the AI companies describe themselves and their products in hyperbolic terms. But that doesn't mean we need to counter that with equally absurd opposing hyperbole.
There is no hyperbole. I think AI will change the world in the next 10 years but comparing to the iphone, for example, 3 years the economic impact was much, much bigger and that is just one brand of smartphones.
Revenue, not profit.
If it costs them even just one more dollar than that revenue number to provide that service (spoiler, it does), then you could say AI has had no positive economic impact.
Considering we know they’re being subsidized by obscene amounts of investment money just like all other frontier model providers, it seems pretty clear it’s still a negative economic impact, regardless of the revenue number.
And what is their burn rate? Everyone fails to mention the amount they are spending for this return.