alt Hacker NewsAmazon was unprofitable for over a decade, and they were public. Theres no incentive to be profitable as a private company if you can continue to raise money.
Ed Zitron and Gary Marcus are... confused.
Replies
timmytokyo • yesterday at 10:07 PM
But I've been told here -- over and over again -- that the cost of inference was going to go down as the technology matured.
The trend lines are going in the opposite direction.
> Amazon was unprofitable for over a decade, and they were public.
Amazon was unprofitable because they poured their revenue into growth. On paper, they were in the red, but everyone - especially investors - saw what was going to happen, given their trajectory.
Is it the case that any of these AI companies are actually making a ton of money and growing accordingly? AFAICT, we've just got [a] big players like Google that can subsidize AI in the hopes of waiting everyone else out and [b] private companies raising capital in the hopes that when the market returns to rationality, they may be solvent.