Things must be bad if they're doing this before their IPO

timacles an hour ago | parent | next [-]

Yeah you guys have to pay attention to the state of the overall economy. We are in the credit-crunch phase of a recession. The funny money has ran out and infinite loans are no longer available. These companies have to find way to pay their debt now

▲

rvnx 4 hours ago | parent | prev [-]

Billions of USD in debt, a business model bleeding cash with no profit in perspective, high-competition environnement, a sub-par product, free-to-use offline models taking off, potential regulatory issues, some investor commitments pulling out... tricky.

But let's not cry for the founders, they managed to get away with tons of money. The problem is for the fools holding the bag.

▲

AstroBen 4 hours ago | parent | next [-]

Unfortunately the fools holding the bag are going to be those who own index funds when these companies are inserted into them.

▲

mike_hearn 3 hours ago | parent | prev [-]

How is it a subpar product? I've been very happy with GPT 5.4 and the Codex CLI tooling, as well as ChatGPT web. I'd say product is one of their strengths.

	▲	throwatdem12311 2 hours ago \| parent [-]
		Will you be as happy when your $1000/mo of inference you’ve been getting for $30/mo is gonna cost $1000/mo?