No it doesn’t. They are hand waving away a 70Bn loss which is in every possible way an operating loss other than name.
They paid for their compute in equity in the company, not cash. Therefore their losses don’t show up as cash. I don’t understand how people are this gullible.
alt Hacker News
No it doesn’t. They are hand waving away a 70Bn loss which is in every possible way an operating loss other than name.
They paid for their compute in equity in the company, not cash. Therefore their losses don’t show up as cash. I don’t understand how people are this gullible.