Everyone's financial literacy seems to evaporate when discussing AI companies. They assume that companies need to be profitable or they're a bubble waiting to burst.

The whole point of the company is that they are investing a huge amount of money upfront in order to make models that are better and better, and thus have a higher productivity multiplier.

They are very profitable on inference, they just know that the race to AGI requires a huge amount of investment, compute, getting the best researchers, etc.