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skinfaxitoday at 11:26 AM1 replyview on HN

The only reason Anthropic and OpenAI make money is by saying AI will replace workers? Not from selling access to their models?


Replies

snowwrestlertoday at 12:43 PM

Neither company is remotely close to making a profit yet. To the extent people at those companies make money, it is unrealized capital appreciation driven by successively higher valuations during successive funding rounds.

In short, financially they are still running on hype. Quite a lot of operations are being paid out of capital, not revenues. So they have to keep selling a dream to keep raising capital. Next stop: IPO.