Comment by therobots927
11 days ago
SpaceX demonstrated that the public markets have a limited tolerance for a multi-trillion dollar company that doesn’t make any money.
Ed’s leaks demonstrated that OAI doesn’t make money (even on inference).
Put these two together and I think the conclusion is pretty obvious.
> Ed’s leaks demonstrated that OAI doesn’t make money (even on inference).
They did not.
Oh? They’re profitable now? Or anywhere close to it?
No, but the GP wasn't satisfied with that, and had to put in a snide "even on inference" parenthetical. The leaks showed inference having positive margins.
The Zitronites will say that the data is fraudulent, and OpenAI must have classified some of their inference as marketing, or R&D, or some other wacky theory of the week. But the actual data does not show that. It is made up.
If you want to cherry-pick the worst parts from the leak and disbelieve the more positive ones, it feels like you're not in a great place epistemically...
4 replies →
> SpaceX demonstrated that the public markets have a limited tolerance for a multi-trillion dollar company that doesn’t make any money
What? How? SpaceX loses oodles of money. It's trading above its IPO, and just filled an oversubscribed bond deal.
> Put these two together and I think the conclusion is pretty obvious
Zitron has a faithful following. He isn't a broadly-influential analyst.
You said: “ There is zero evidence of any causal link between him and this. The obvious one, instead, is SpaceX's volatility.”
What exactly do you think “volatility” means in this context?