HN discussion: https://news.ycombinator.com/item?id=49526069
Shower thought: I wonder if this whole "OpenAI is in serious financial difficulty" thing is a psyop so people will relax and avoid doing what's necessary to stop them.
Most people haven't updated their priors and are fixated on outdated information.
however there is the open source cheaper token threat
I am looking forward to audited financial statements. Like, all the interesting stuff will be buried in notes, but they'll have to actually calculate real revenue, not the nonsense that is ARR.
These tools are useful, but I find it hard to see how OpenAI/Anthropic justify their valuations.
Apparently Anthropic's may be this week (the S-1) as they've finished picking all their bankers.
Is this based on fact or your speculation?
Amazon ran for, what? 20 year with no profit.
So what's the precise, documented, real, non-projeced/hypothesized issue?
Regardless, Nvidia does have financial interest here.
Profit is a weird metric, in that one can defer necessary expenditure to show increases in it, while having negative profit was a good signal for Amazon as they invested all that money.
The labs are not really in the same position though, as their major capital expenditure is training models, which keeps getting more expensive and they can't stop as the frontier keeps moving.
We'll see when the S-1's come out I guess.
But certainly it is not unbiased