In any sane world that would be game over, but somehow mega investors have decided that they need to double down. Because if only they invest more, the profits will come eventually.

They spent 38.5 billion on 13 billion in revenue last year. Even if you take out training costs, operational margins are negative at a cost of 14.8 billion as long as you include sales and marketing, which you absolutely should because they are clearly hiding expenses in that bucket. Nobody would spend 5.7 billion a year on marketing when they're already losing 20 billion.

That's insane. 😱

Wow, anthropic have really been raking it in since last time I checked, they're only at 33% negative profit, best in the industry (apart from the the hardware manufacturers, who are turning a profit on the infrastructure).