Via Instapundit; OpenAI’s financials leaked, revealing $21 billion in losses against $13 billion in revenue.
“Is there a path to profitability? Maybe. OpenAI’s two biggest expenses are R&D and marketing. Budget cuts there, coupled with an ability to raise prices or win new sources of revenue, could see the company move into the black over time. Cutting R&D would be the most difficult part of that, given that AI companies can only hold onto their customers by generating the best-performing models.”
Ed Zitron was the leakee., with followup commentary here.
You know, people like to talk about the costs to taxpayers from abandoned wells. Nobody’s talking about the costs of abandoned data centers.

