this post was submitted on 18 Jun 2026
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[–] abc@suppo.fi 2 points 53 minutes ago* (last edited 53 minutes ago)

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?

[–] osanna@lemmy.vg 2 points 2 hours ago

Yep, defo not a bubble.

[–] billwashere@lemmy.world 10 points 4 hours ago (1 children)

Then it didn’t make 13 billion….. and it didn’t lose 21 billion.

It lost 8 billion. That’s how math works.

[–] percent@infosec.pub 8 points 3 hours ago

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)

[–] Malyca@lemmy.zip 5 points 6 hours ago

Vibe stocks

[–] Tikiporch@lemmy.world 13 points 8 hours ago (1 children)
[–] green_goglin@thelemmy.club 3 points 6 hours ago (1 children)

Altman is such a miserable cunt.

[–] Tollana1234567@lemmy.today 1 points 48 minutes ago

he pretty much is created by thiel, so yes he is.

[–] tatterdemalion@programming.dev 2 points 5 hours ago (1 children)

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.

[–] megopie@lemmy.blahaj.zone 2 points 3 hours ago* (last edited 3 hours ago) (1 children)

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.

[–] DeadDigger@lemmy.zip 1 points 1 hour ago
[–] HugeNerd@lemmy.ca 10 points 19 hours ago

Bah that's baby numbers compared to what "private space" will accomplish!

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