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Looks like the shovel seller is making quite a bit
Indeed, they’re the only ones. Along with Samsung, SK Hynix, AMD, etc.
This is interesting. Nvidia cashing in while they can. They’ll come back to us consumers when/if all this AI stuff collapses.
This is what you call a succesful business man /s
This was standard operating procedure for Silicon Valley companies before COVID.
If someone gave me 21billion I bet I could only lose 1 billion, return the 20, and never be seen again.
Clear Channel aka Iheartradio (the media conglomerate) went a whole decade consistently losing money before they finally made a profit. If we follow that timeline then OpenAI has 9 more years to hemorrhage money before they start to see a return of investment.
Except that, over those 10+ years, iheartradio accumulated less than half of the debt that OpenAI already has.
Both of these companies are an example of a new kind of capitalist trick where they simply take advantage of the fact that they can use an infinite amount of money to invade a market and make it completely unprofitable for any competition by losing money for years.
They can then acquire all of these companies’ market share and then squeeze everyone with their new monopoly powers.
It’s blatant market manipulation that any country with a functioning government would have regulated out of existence.
OpenAI has a trillion dollars in financial obligations they need to meet by 2030. I doubt Clear Channel’s financial obligations were in the same order of magnitude.
You have to spend money to make money :)
Are you being facetious or are you just dumb?
Sometimes you have to spend more than you make but that doesn’t mean it’s a bad idea! You just have to continue spending and one day it’ll maybe start turning a profit. Maybe not, though! 🙂 I love AI
