They should be loosing even more. This damaging corporate closed "AI" hype bubblr must bust before it does even more harm it is already doing to society
Microsoft seemingly just revealed that OpenAI lost $11.5B last quarter
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Re: Microsoft seemingly just revealed that OpenAI lost $11.5B last quarter
#32Earlier quoted context omitted.
Not a single AI company is cash flow positive, not even Google's AI part of the business. It's unclear if they even can be, since commodity models you can use for free catch up to them pretty close to yearly.
It's hard to say with Google as you don't know how much of the revenue was increased by having the AI stuff. The CEO sounds upbeat: >We are seeing AI now driving real business results across the company. We delivered our first ever $100 billion quarter. Five years ago, our quarterly revenue was at $50 billion. Our revenue number has doubled since then, and we are firmly in the generative AI era. They also do a lot of…
Yeah but Google's Quarterly revenue hit 76bn in 2023 which is when they _actually_ started working on catching up to Open AI. I was working at Google at the time and got swept in the layoffs.
In the past couple years they're up tremendously, yes, but so is inflation and the market in general.
Google's revenue is still almost entirely ads.
But if anyone can pull off AI longer term it'll be the Goog I'm sure.