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Do any AI companies actually turn a profit? I feel like the only real winner is Nvidia because they are selling shovels to the gold diggers, while all the gold diggers are trying to outspend each other without a business model that has any consideration for unit economics.

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I love a prudent take on company money – but given how investing works and how young this entire thing is and the (to me) absolutely real value, I find it hard to be very worried about that part right now.

I can literally run a ballpark model on my MB Pro, right now, at marginal additional electrical cost. I will be the first to say that all of this (including GPT4) is still fairly garbage, but I don't know when there was the last time in the history of tech, where less fantasy to get from here to what will be good was required.

The thing is that the bigger business giants like MSFT or Amazon are probably profit quite nicely from AI. Smaller companies, not aligned with any big giants - probably not.

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