Stock prices are (at least in theory, discounting speculation) a consequence of profits; they are not profits in and of themselves. Profits are at the bottom of the income statement.
Amazon made huge money as they captured more and more of the market and didn't return any of it. The company literally became worth more and more each year. Open AI continues to hemorrhage money.
It's another Uber moment for VC. The bullshit ends as soon as becoming a functioning business suddenly takes precedence, and the real costs start to come out.
I'm confused by this claim - OpenAI has pretty meaningful revenue.
If they monetized free users, they would have even better revenue. The linked post estimates eg $1 per user per month would flip them to profitable.
Amazon hemorrhaged money for the first decade of its life. It was founded in 1994 and didn’t turn its first profit until 2004.