> The people who are completely sold on the belief that AI providers are running at a loss they can never recover from believe him to be utterly, totally and completely correct in every one of his predictions.

It's funny, because you can both believe that these entities are bleeding money on every token and also believe that "financial engineering" will bail them out when they IPO despite this fact.

The fundamentals of running a business that sells products or services for more than the cost to produce them seem increasingly decoupled from the financial success of the company and its owners.