With a ~40 billion usd hole (netloss) Openai keeps it´s word by staying a nonprofit company 🤣
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Idk the source of that data but OMG look at anthropic, 6.5b revenue but recently “evaluated” ~1 trillion USD. Is that for real?
Yeah, all speculative.
“To the moon” you say? Take my money!
I find it interesting that according to these numbers, if they entirely stopped R&D and marketing, they would just about break even.
If stopping R&D and marketing had no impact whatsoever on their future revenue.
Fat chance.
Oh definitely. I think it’s anthropic who have stated in multiple interviews that they break even on most of their models, it’s just that they keep spending exponentially more to train the next model. They and openai seem to be stuck in an arms race where switching to purely serving existing models to their existing clients just won’t work. I do wonder how accurate that assessment is on their part.
I think it’s anthropic who have stated in multiple interviews that they break even on most of their models
Words are cheap pre IPO. I don’t believe that for a second.
There’s also DeepSeek eating revenue that would go for those more “mature” models.
That’s what they want you to think. This chart is especially egregious with calling it “cost of revenue” as if the other costs weren’t just as necessary for their revenue. If they stop R&D in 2027, they won’t have any revenue by 2028 because their models will be outdated and nobody will want to use them. R&D is simply cost of doing business.
OpenAI is the definition of the difference between “Not-For-Profit” and “For not-profit”.
They’re anti-profit lol
This misapprehends the business models of techno feudalism: you operate at a loss, running on VC money which is fairly endless. You offer a freeish service to grow your brand. Then when you list on the stock exchange you live off debts loaned to you by the bank on the basis that your company is worth millions or billions.
I have no doubt ChatGPT is, and that Sam Altman lives with no taxable income to speak of. He’s just accumulating bank loans and paying them back with other bank loans secured by OpenAIs growing stock price and company valuation.
Money isn’t real to the elite classes. Actually I believe Stalin and Churchill once stopped at a Cafe sometime after WW2, they realised after their meal no one travelling with them had money on them to pay. Because they didn’t need money. It’s accepted when you’re at that level. Welfare Capitalism has existed for a very very long time.
Don’t you worry about profits, let ME worry about blank!
As real as any valuation. Which is to say, what investors are willing to pay for a piece of a company may not always have the most firm association with the reality of a company’s current state. And, the market can stay irrational much longer than you expect.
Those techies might be able to create widgets but they’re sure not competent businesspersons.
🤣
