That's a weird way of saying that they had a net loss of $8 billion. Are you trying to imply that this is somehow extraordinary for a growth company? How do you figure that?
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Yep, defo not a bubble.
Then it didn’t make 13 billion….. and it didn’t lose 21 billion.
It lost 8 billion. That’s how math works.
You're not wrong, but neither is the title. That's just how business accounting works. Ultimately, it's still the same conclusion ($8 billion loss)
Vibe stocks
So they lost $8b.
Altman is such a miserable cunt.
he pretty much is created by thiel, so yes he is.
What's their op ex though? I feel like there must be a sizable portion of that which isn't actually necessary to keep the service up.
So the the operating expense was greater than their revenue from operations by about 2, but it seems like they’re minimizing it by hiding the cost of some of the compute inside marketing and training costs. This is something that a few AI companies in China have been caught doing to make it seem like they’re doing better than they are. So they could be incinerating money at an even faster rate than they just admitted.
And in R&D
Bah that's baby numbers compared to what "private space" will accomplish!