OpenAI isn't profitable. Should that be normal?
www.salon.com
Maybe companies should be judged on their ability to effect change rather than hard dollars-and-cents.
  • Zos_Kia
    English
    1·
    4 months ago

    So for the first 20 years or 2/3 of the entire history of the company, they were unprofitable or barely profitable.

    We must have a wildly different definition of “barely profitable”. Half a billion in 2004 money is a lot of profit, a billion back to back in 2009 and 2010 is a lot of profit.

    I think you’re confusing Amazon with the next generation of loss-leader companies. Let’s talk Uber, let’s talk Twitter, if we want to point at “hugely unprofitable” companies. But Amazon is a beast of its own, they have a very coherent financial story. Even during their money-losing decade they posted insane results, frequently multiplying revenue while barely increasing operating costs.