OpenAI still losing money, Chinese AIs destroying pricing…
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OpenAI still losing money, Chinese AIs destroying pricing, Big Tech already locked in trillions… Nasdaq multi-year bear coming?
OpenAI is still bleeding cash like crazy. Losses just keep getting bigger.
Anthropic? Revenue is up a lot but margins are still single digits. Not great.
And then you’ve got the Chinese models (Kimi etc) just wrecking prices. Everything keeps getting cheaper.
Almost everyone using this shit is on the free tier. Usage can explode all it wants, that doesn’t mean the companies are making real money. More people using it + models getting better could just mean prices go even lower.
Meanwhile the big tech guys already threw insane amounts of money at this. Hundreds of billions, maybe trillions when you count all the long term deals and debt. A lot of that spending is locked in for years. So the costs are already fixed, but nobody’s proven the profits yet.
If it keeps going like this I think Nasdaq is looking at a pretty long bear market. Like 5-7 years easy.
Just my two cents. Curious if anyone else sees it the same way or if I’m missing something.
#business
source
OpenAI is still bleeding cash like crazy. Losses just keep getting bigger.
Anthropic? Revenue is up a lot but margins are still single digits. Not great.
And then you’ve got the Chinese models (Kimi etc) just wrecking prices. Everything keeps getting cheaper.
Almost everyone using this shit is on the free tier. Usage can explode all it wants, that doesn’t mean the companies are making real money. More people using it + models getting better could just mean prices go even lower.
Meanwhile the big tech guys already threw insane amounts of money at this. Hundreds of billions, maybe trillions when you count all the long term deals and debt. A lot of that spending is locked in for years. So the costs are already fixed, but nobody’s proven the profits yet.
If it keeps going like this I think Nasdaq is looking at a pretty long bear market. Like 5-7 years easy.
Just my two cents. Curious if anyone else sees it the same way or if I’m missing something.
#business
source
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