I was wrong - not investing in FB and Amazon many years ago - thought those businesses will shrivel and die. I believe OpenAI is a bit of a coin flip as the AI space evolves. In fact I feel all AI will be marginal return generators at best. There are a lot of incumbents and a lot more coming as barriers to entry get increasingly lower. Unless a company can build a near monopoly it'll be hard to justify a 100X revenue valuation despite heavy losses. I feel it's safer to take a punt on alternate compute companies (Musk leads but others exist) than take a bet on one of many AI companies to build a monopoly.

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psb5 an hour ago | parent | next [-]

All that is a side show. What would you have done with the cash if you were right? Thats always the real story.

My Aunt runs an accounting firm and is constantly moaning about the number of people who have over accumulated cash from IPOs and have no clue what to do with it all.

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Cyclone_ an hour ago | parent | prev [-]

Anthropic actually turned an operating profit recently due to huge revenue growth.

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hauntingseaweed an hour ago | parent [-]

Do you have a source for that claim?

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dminik an hour ago | parent [-]

Hmm, it looks like if their revenue doubles to ~$10B and their expenses don't, they stand to gain a very sweet ~$500M.

https://www.reuters.com/business/anthropic-nears-first-quart...

That being said, it does look like it's being partially subsidized by Elon burning lots of money. We'll see if he can keep it up or if it will be left behind as hardware evolves.

	▲	48terry a minute ago \| parent [-]
		> its June quarter sales could reach at least $10.9 billion It COULD reach $10.9 billion. It COULD also completely shit itself and go bust. We'll just all have a fun time finding out together, won't we, investors?