alt Hacker NewsNo, they are not "losing gigantic amounts of money".
They are already profitable and are investing enormous amounts into datacenter buildout to meet demand over the next years.
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hnarn • today at 10:48 AM
What are you talking about? OpenAI is losing money, projected a $14B loss for 2026 and is themselves not expecting profit until 2029-30. xAI is losing money, about 3B.
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The substack linked below only looks into one tiny sliver of the off-sheet circular financing that dwarfs even the most optimistic revenue growth, but it's a good place to start to understand why this is a bubble and that, yes, Anthropic is in fact "losing gigantic amounts of money":
"Boom and bust is not about revenue. To find that kind of risk, start by reading the balance sheet... [The 2008] bust came from off-balance-sheet instruments."
https://kennyfraser.substack.com/p/anthropic-ipo-part-one-wh...
Patrick Boyle goes into a deep dive that's well worth the watch:
https://youtu.be/Ic1Jf7VlXRM?si=DjiP6LVdEykBlWwU