Althlough one might argue they are sitting on a lot of cash.
They're sitting on non-cancellable commitments from Anthropic and OpenAI, which once public will become the markets problem while employees and private equity walk home paid.
Not cash, but expectations of future revenues from AI.
[dead]
They're sitting on non-cancellable commitments from Anthropic and OpenAI, which once public will become the markets problem while employees and private equity walk home paid.