We’ve known for years that the chatbot vendors run at a massive loss. OpenAI was spending $2.35 for each $1 of revenue in 2024, and it’s only got worse since then. Anthropic keeps pushing its price…
  • David Gerard@awful.systemsOPMEnglish
    2·
    2 days ago

    yeah, the drive to an IPO is purely escape hatch. they did one thing right in that being money bonfires is part of their well-known charm. But this much of a money bonfire, well.