Comment by ml-anon
5 hours ago
No it doesn’t. They are hand waving away a 70Bn loss which is in every possible way an operating loss other than name.
They paid for their compute in equity in the company, not cash. Therefore their losses don’t show up as cash. I don’t understand how people are this gullible.
Couple years ago, we were developing product in team of 15 people.
Tech progressed, no need to dedicate mobile developers, guy for app deployment etc.
Later, team consists only from 3 devs, it earns money, no other features needed really much.
Now you see many companies refactoring whole app in week using AI. But later, for what will they spend the biggest part of the AI budget?
I see from business perspective, they try to build dependency on their tools, make it great, but ultimately, it doesn't ensure making money.
Friends company was paying 300-400k EUR monthly for AI, cut is expected for next year .. and even if they cut tomorrow, business runs.