A single company that never made a profit outbiding the entire world is normal?
Yes. In fact that's not just normal, that's very frequent in market.
Please provide historical examples.
The first known example is the 6th century BC, where a greek philosopher cornered the market on olive oil presses, because he predicted a richt harvest via his knowledge of astronomy:
https://en.wikipedia.org/wiki/Cornering_the_market#Thales_of...
Tyson Foods, Cargill, JBS, and National Beef controls roughly 85% of the U.S. beef market
CVS Caremark, Express Scripts, and OptumRx manage over 80% of all prescriptions in the U.S
Amazon buys 50% of all books.
These examples are even more extreme than at least 3 major clouds present in the US buying hardware.
The parent comment specified a company that has never turned a profit cornering the entire market.
Not even sure which company are they referring to. I assumed Amazon or Google or Microsoft or Oracle, but all of them have turned profit.
I don't think OpenAI purchase even comes even close to any of these.