I thought they were projecting 10B and said a few months ago they have already grown from a 1B to 4B run rate

slg 7 days ago | parent | next [-]

Here is an article that discusses why those numbers are misleading[1]. From a high level, "run rate" numbers are typically taking a monthly revenue number and multiplying it by 12 and that just isn't an accurate way to report revenue for reasons outlined in that article. When it comes to actual projections for annual revenue, they have said $2b is the most likely outcome for their 2025 annual revenue.

[1] - https://www.wheresyoured.at/howmuchmoney/

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privatelypublic 7 days ago | parent | prev | next [-]

It doesn't matter if they end up in chapter 11... If it kneecaps all the other copyright lawsuits. I won't pretend to know the exact legal details. But I am (unfortunately) old enough that this isn't my first "giant corporation benefits from legally and ethically dubious copyright adjacent activities, gets sued, settles/wins." (Cough, google books)

	▲	utyop22 7 days ago \| parent [-]
		Personally I believe in the ideal scenario (for the fed govt.) these firms will develop the tech. The fed will then turn around and want those law suits to win - effectively gutting the firms financially and putting the tech in the hands of the public sector. You never know, its a game of interests and incentives - one thing for sure - does does the fed want the private sector to own and control a technology of this kind? Nope.

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stingraycharles 7 days ago | parent | prev [-]

But what are the profits? 1.5B is a huge amount, no matter what, especially if you’re committing to destroying the datasets as well. That implies you basically used 1.5B for a few years of additional training data, a huge price.