Comment by kulahan
6 months ago
$1.8 trillion in investor hopes and dreams, but of course they make zero dollars in profit, don’t know how to turn a profit, don’t have a product anyone would pay a profitable amount for, and have yet to show any real-world use that isn’t kinda dumb because you can’t trust anything it says anyways.
Meta makes > $160 billion in revenue and is profitable itself, of course they’re going to invest in future longer term revenue streams! Apple is the counter example in a way who have maintained a lot of cash reserves (which seems to by the way have dwindled a LOT as I just checked..?)
I’m talking about OpenAI, not companies subsidizing their value-losing LLMs with value-generating branches of the company.
All that money was outside the US. The theory was for some time that they were waiting for the right moment (change of administration/legislation) so that they could officially recognize the profit in the US cheaply