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Comment by trhway | Hacker News Reader

>Really? Has anyone made a useful, commercially successful product with it yet?

Aren't millions or even tens of millions students using ChatGPT for example? To me that sounds like a commercial success (and looks comparable with the usage of Google Search - a money printing machine for more almost 30 years now - in the first years)

And enterprise-wise - heard recently a VP complaining about entering expenses. As we don't have secretaries anymore in the civilized world, that means "Agents AI" is going to have a blast.

(i'm long on NVDA and wondering is it enough blood on the streets to buy more :)

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>To me that sounds like a commercial success

It isn't because it's not making them any money. Having users doesn't mean you have a business. If you sell two dollars for one dollar having more users is not a blessing financially. Of course you could slap ads on it, like Google, but unlike Google openAI has no moat and there's already ten competitors. Competition eliminates profit and AI is being commoditized faster than pretty much anything else.

>unlike Google openAI has no moat

what was Google moat?

>and there's already ten potential competitors. Competition eliminates profit and AI is being commoditized faster than pretty much anything else.

we're discussing NVDA. Where are its competitors? ChatGPT having 10 competitors only makes things better for NVDA.

>Competition eliminates profit

Competition weeds out bad/ineffective performers which is great. History of our industry is littered with competition taking out bad performers, and our industry is only better for that. Fast commoditization of AI is just great and fits the best patterns like say PC-revolution (and like it i think the AI-revolution wouldn't be just one app/user-case, it will be a tectonic shift instead).

Do you think the cost won’t ever come down to make $20/month sustainable?

$20 a month does not warrant NVidias 3 trillion dollar valuation though.

NVidia's not selling LLM subscriptions, they're selling shovels in the goldrush. I don't think 3 trillion is a reasonable valuation either, but NVidia's applications extend way beyond consumer and they've effectively become the chokepoint for any application of AI

> Aren't millions or even tens of millions students using ChatGPT for example? To me that sounds like a commercial success

I read somewhere that OpenAI brought in $3.7 billion in 2024, and made a loss of $6 billion. So... no I don't think that is an example. They want to make a commercially successful product, but ChatGPT doesn't seem to be there yet.

> And enterprise-wise - heard recently a VP complaining about entering expenses. As we don't have secretaries anymore in the civilized world, that means "Agents AI" is going to have a blast.

We don't have secretaries because the word became unfashionable. They are called PAs or executive assistants or something like that now. They're still there, but if anything the need for them has probably been reduced with (non-AI) computers (calendars, contacts, emails, electronic documents, etc.) so I'm not sure that there is some enormous unmet demand for them.

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