I understand what you're saying, but strictly speaking is it fair to say they aren't profitable? Didn't they along with other participants of LLM-race invest heavily into the infrastructure and the said infra wasn't yet delivered.

My understanding is that it's unreasonable to claim a hotel isn't profitable when they're still on the building stage.

I do understand that we don't have enough energy to turn it on when all of them are delivered, but that's a separate issue.

e: gah. Answered to the wrong post. Sorry.

> they're still on the building stage

Eh... what's left to build? Actual AI?

This has less to do with their balance sheet and more to do with the intent of the organization when it was founded. They were supposed to create open-source AI models and only let revenues influence the direction of the organization so much when weighed against the public good.

... but they did it in a place and culture filled with people who would probably sell their own mothers into slavery if they were allowed to provided it increased the valuation of their startup, so here we are.