Isn’t that the same bet that famously profitable companies like Uber did in the ride share market?

It's not the exact same bet, but it rhymes.

It worked out for Uber, they are wildly profitable now after spending a decade losing money.

Also worked out as Amazon managed to outlast all the dotcom era e-commerce competitors while being unprofitable.

	▲	disgruntledphd2 4 hours ago \| parent [-]
		> It worked out for Uber, they are wildly profitable now after spending a decade losing money. Uber have a 10% margin, which is definitely not what I'd consider wildly profitable. (Their post tax numbers look better, because of accumulated losses).

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Imustaskforhelp 18 hours ago | parent | prev [-]

Uber is a two sided marketplace and was still famously unprofitable for at the same time.

Over 14 years, Uber burnt ~31 Billion dollars and in nearly whereas the amount invested within AI seems to be within Trillions at this point and in near future with a product which doesn't have much moat and shaky financials on profit.