nonprofitable ex-non-profit seeks profit via AGI (A Giant IPO)?

For-Profit Non-Profitable Closed-AI company called OpenAI

Un-profit for short.

This has less to do with their balance sheet and more to do with the intent of the organization when it was founded. They were supposed to create open-source AI models and only let revenues influence the direction of the organization so much when weighed against the public good.

... but they did it in a place and culture filled with people who would probably sell their own mothers into slavery if they were allowed to provided it increased the valuation of their startup, so here we are.

> they're still on the building stage

Eh... what's left to build? Actual AI?

> My understanding is that it's unreasonable to claim a hotel isn't profitable when they're still on the building stage.

It's not unreasonable at all, it's a honest description of the hotel's current situation. Would you call it profitable?

If a hotel stays on the building stage for half a decade, getting a loan after another to pay for that, that unprofitability is acutely relevant.