> Because from where I'm sitting it seems like you're just operating on hopes and feels.

I hate these flippant comments. Similarly, from where I'm sitting it seems you're struggling to disentangle revenue from profit.

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hparadiz 2 hours ago | parent [-]

I buy 50 billion of hardware. Make 45 billion back in year 1. My losses are 5 billion. I Pay of all my creditors by year two. Then spend another 55 billion on hardware in the second half of year two. My profit is at this point zero.

By year three I am printing money.

It's not a flippant comment. It's basic math.

	▲	zdragnar an hour ago \| parent \| next [-]
		In year three your competitors invest in making a better model and crush your business because you have no moat at all. The entire business requires massive ongoing investment because getting massive investments is the only thing resembling a competitive advantage that you can get. The equivalent to anything you can do will be available as an open weight set in six months to a year. Sink or swim.
	▲	zzleeper an hour ago \| parent \| prev \| next [-]
		Sorry that's confusing cash flow with profits, where things get amortized
	▲	rchaud an hour ago \| parent \| prev [-]
		It's not basic math when the numbers are this big. There's not going to be $50 billion coming in Year 3 if there's a market correction and lenders scale back financing. Borrowed money is how companies are paying for AI, and that's the first thing that disappears in a recession.