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danielbln 9 hours ago

Alphabet makes $30 billion profit per quarter.

JumpCrisscross 9 hours ago | parent | next [-]

> Alphabet makes $30 billion profit per quarter

Sure. Neither OpenAI or Anthropic do. Amazon and Google have followed institutional investors bidding up Anthropic over OpenAI in private markets, all of which—I suspect—followed user-pattern shifts following the fiasco. (Well, fiascos. Altman is a host unto himself.)

sevenzero 9 hours ago | parent | prev [-]

Which means they can allow themselves to blast money left and right? Its still a big investment.

kubb 9 hours ago | parent | next [-]

they can't allow themselves NOT to blast money left and right

RobRivera 9 hours ago | parent | prev [-]

Yes

luke5441 9 hours ago | parent [-]

No, they have a fiduciary duty to shareholders to not make obviously bad investments.